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Real Estate Tips
Insurance >Title Insurance for Owners

If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.

Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!

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Real Estate Trivia
Q 
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A 
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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Roger Bediner, REALTOR®, real estate agent and broker for Livingston, West Orange and North Caldwell, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Roger Bediner
Prudential New Jersey Properties

50 E. Mt. Pleasant Ave
Livingston, NJ 07039
Office : 973-992-6363 x140
Out of Area: 800-994-8205
Fax: 973-992-4863
rogerbediner@NUMBER1EXPERT.Com

Roger has dedicated his career to the local New Jersey real estate market for over a decade. Roger’s technical savvy give his clients the edge they need in today’s real estate market. Roger has received many awards including the New Jersey Association of Realtors Circle of Excellence, Multi-Million Dollar Sales Club and Prudential's Honor Society. Roger’s hope is to help you establish your roots here and to grow with you through life. Give him a call today at (973) 992-6363 x140!

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