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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, centers on what to expect when it comes to recording time for documents filed in New Jersey. Question: What is the lag time between when documents are recorded and when a title rundown is ordered? In other words, what are the chances that the Deed-in-Lieu gets recorded and then our client gets stuck with some previously unknown title issue, such as a new judgment against one of the borrowers? Nick’s Answer: New Jersey is a recordable state, which relates to first in time, first in line. Each county is different in their recording timelines, which could be same day to three weeks, depending on the county. If you recorded a Notice of Settlement and recorded the Deed-in-Lieu within 90 days of same, you would be protected from a judgment filed within those 90 days. If the judgment was filed prior to the recording of the Notice of Settlement, it would attach to the property in question. If no Notice of Settlement was filed, then any judgment recorded prior to the recording of the Deed-in-Lieu would attach to the property. 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. Ask Nick is for informational purposes only. Under no circumstances is Fortune Title Agency, Inc. or any of its employees giving any legal advice in this newsletter. 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

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  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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