Title Insurance Questions and Answers: Q Is the charge to process the 1099-S included in the pass-through charges under the NJLTIRB Rate Manual? Answer. No, it is not. Federal law prohibits separately charging any customer for filing the required 1099-S [26 USC 6045(e)]. You should not feel that you are not […]
Q Title is in the foreclosing lender by Sheriff’s Deed. They have several judgments against them; how do we clear them? Answer: Naturally our first choice is to have them paid and/or released. Often, however, they are unwilling to do so and instead are offering an indemnification. We may be willing to accept such […]
Q Given the United States Supreme Court’s recent decision regarding same sex marriage, are there any procedures we need to change? A. Not really. New Jersey has recognized same sex marriage for several years. We are often asked how to properly vest title in a same sex couple. As with heterosexual couples, as […]