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Welcome! Here You Can Find Great Information on Nutley, Belleville and Bloomfield, New Jersey Real Estate

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Insurance >The Purpose of Title Insurance

When you finance a home through a lender, you will be required to purchase title insurance to cover the amount of your mortgage loan. At the closing you will be given the option to buy additional coverage to protect your investment.

Before the closing, the title company will order a title report to make sure the sellers actually own the home and that no one else has a legal interest in the property. This process will identify any potential title problems or liens. Title insurance covers you against any future claims that did not appear on the title report. It is a one-time charge that you pay at the closing of the transaction, and it covers your future equity up to a stated maximum amount as your property increases in value. It's a small price to pay to protect such a major investment.

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Q	What was the greatest land grant ever given to an English subject?
A	William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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Janet DePalma, REALTOR®, real estate agent and broker for Nutley, Belleville and Bloomfield, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Janet DePalma
Coldwell Banker Franklin Realty
527 Franklin Avenue
Nutley, NJ 07110
973-235-1312
Fax: 973-235-0718
janetdepalma@NUMBER1EXPERT.com

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