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Your financial and legal standing are at risk when title agencies fail to provide a thorough, efficient service. With Fortune Title Agency’s team of title experts and cutting edge technologies you never have to worry about the title process slowing your closing down.

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Ask Nick

This installment of “Ask Nick” with Fortune Title Agency President Nicholas Timpanaro deals with bail bonds and foreclosures. We thought this may be a topic of interest, so we wanted to share Nick’s answer with you. Question:  There is a bail bond that was not joined in the foreclosure action. I see there is a statute regarding the six-year expiration of a criminal recognizance lien (NJSA 2A:162-5). Can you advise if this lien falls under that statute? The lien is from 2007 for $50,000. Nick’s Answer: The bail bond is recorded as a Mortgage. Therefore, it does not follow the six-year term and does not fall under the statute referenced above. You will need to contact the lender and have them discharge the lien. We hope this Ask Nick is helpful to your work. If you have a question you’d like to Ask Nick, please email Nick.Timpanaro@fortunetitle.com. Under no circumstances is Fortune Title Agency, Inc. or any of its employees giving any legal advice. The Ask Nick Q’s and A’s are based on situations that the company has experienced and is sharing with the public for informational purposes only. Always contact your attorney for any legal... read more
Homebuyers & Investors have higher quality title servicing options

Does your closing come to a standstill when you reach the title stage?

  1. Your title agency is constantly distracting you with questions on how to handle the problems that their searches unveil

  2.  

  3. You have to chase someone to figure out what stage your title process is in

  4.  

  5. Your Paralegal or Mortgage Processor is getting bogged down managing the title process

  6.  

  7. Your team’s workflow efficiency is suffering

For more than a decade, our team of title processors have served as trusted partners in mortgage and tax sale foreclosures and title insurance – including REO property sales, purchases, refinances and settlements.

Our comprehensive understanding of the intricacies of title regulation enable us to proactively resolve challenging situations and speed closings with industry leading turnaround times.

Our team of title experts are trained in adherence with the latest, most rigorous compliance requirements affecting the title industry, including American Land Title Association’s Best Practices. We are so confident in our ability to protect the accuracy of each title submission that we assume liability for any judgment omissions.

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