- 01/
- What is title insurance, and why do I need it?
- Title insurance protects the buyer (owner's policy) and the lender (loan policy) against defects in the property's ownership history — undisclosed liens, forged deeds, boundary disputes, missing heirs, and unpaid taxes or judgments. Unlike other insurance, it protects against past issues, not future ones. In New Jersey and Pennsylvania, an owner's policy is a one-time premium at closing and lasts for as long as you or your heirs own the property. A lender's policy is required by every mortgage lender.
- 02/
- How long does closing take in New Jersey or Pennsylvania?
- For a typical residential purchase in NJ or PA, plan on 30–45 days from a fully executed contract to closing. The pace is set by the mortgage timeline, title clearance, municipal certifications (smoke, CO, C/O in NJ), and — in PA — the closing disclosure waiting period. Cash purchases can close in 10–14 days if title work is clean. Nick's role is to keep title tasks off the critical path so you close on time.
- 03/
- What does Nick handle vs. what does the attorney handle?
- Nick, through NU World Title, handles title search, title commitment, clearance of exceptions (liens, judgments, easements), lender coordination, title insurance issuance, closing document preparation, and disbursement of funds. In New Jersey — an attorney-optional state — an attorney typically handles contract review, attorney review period negotiation, and legal advice; NU World conducts the closing. In Pennsylvania, closings are commonly conducted by the title company. Nick is not an attorney and does not provide legal advice, but he coordinates directly with attorneys on every file where one is involved.