Showing posts from September 21, 2008

There Has Been A Lot Of Talk These Days About Title Insurance Policies In Jamaica.

While This Concept Is New To Jamaica It Is Standard In Most States Of The United States Of America, Where Title Insurance Policies Are Taken Out Against Financial Loss From Defects In Title To Real Property And From The Invalidity Or Unenforceability Of Mortgage Liens.

As I understand it, there is a very good reason why title insurance is standard in many states. Most states have a system of document recording in which no governmental official makes any determination of who owns the title or whether the instruments transferring it are valid. Consequently, if a person acquires an interest in land, whether by purchasing same or by a mortgage, there is the risk that there may be competing claims to these interests which, at the time of acquisition, are unknown. These competing interests include liens and encumbrances on the title. There may also be no right of access to the land. Title insurance, therefore, gives the person acquiring the interest insurance coverage in relation to the state …

LandAmerica to Conduct New Jersey Title Insurance Operations Under LandAmerica Brand Name

LandAmerica Financial Group, Inc. (LFG:LFG News, chart, profile, more Last:

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LFG, , ) announces that it is now doing business in New Jersey as LandAmerica NJ Title Insurance Company. The change became effective on September 15, 2008. This change is another step in LandAmerica's transformation of its collection of independent businesses into an integrated and unified operating company. Unifying its businesses under the LandAmerica name reflects the company's success in the marketplace and the growing recognition of the LandAmerica brand in New Jersey and across the country. LandAmerica is the only real estate transaction services company to have been ranked number one in the Mortgage Services Industry for two years in a row on Fortune's(R) list of Most Admired Companies.������…