As your house goes up in value, shouldn’t your insurance increase with it? With Enhanced Title Insurance, your coverage grows with your investment.

Enhanced Title Insurance vs. Standard

There are few things more important than protecting a home. Even the best title search and examination cannot protect your equity and home from matters not appearing in the public record.

Very few people in the industry realize that like other insurance products, the title insurance industry has insurance products that offer different coverage. Some of the largest title insurance underwriters in the industry, offer an “enhanced” policy, which offers additional coverage from the “standard” coverage to the homeowner.

For example, a “standard” policy covers the homeowner for matters affecting title up to and including the date of the recordation of the Deed, while its “enhanced” title insurance policy provides coverage for 28 additional risks, many of them pertaining to future coverage and automatic increases of coverage to cover increases in the value of property.

Although the enhanced title insurance policy premium is twenty (20%) higher than the standard policy premium, the reality is a minimal cost to the homeowner for the ability to substantially reduce their risk and exposure on one of the largest investments they will make in a lifetime. For example, the difference in the standard premium and enhanced premium for a $250,000 house is $225 dollars; a $500,000 house is $425; a $750,000 house is $562; and a $1,000,000 house is $750.

To illustrate the differences between a standard and enhanced title policy, we are attaching a representative coverage comparison of standard and enhanced insurance product. We at Two Rivers Title Company hope that this will help you in deciding which policy is the best for you to protect your ownership in your home.

If you would like further information on the difference between coverage, please feel free to contact Two Rivers Title Company at 732-747-3615.

Representative Coverage Comparison

Both policies include:

• Mechanic’s Lien Coverage
• Third Party claims an interest in the title
• Improperly executed documents
• Pre-Policy forgery, fraud or duress
• Non-recorded restrictive covenants
• Defective recording of documents
• Prior recorded liens not disclosed in the policy
• Unmarketability of the title

Additional coverages in enhanced title insurance policy:

• Automatic Increase in original policy amount to cover increase in value of the property
• Policy insures anyone who inherits property from homeowner
• Policy insures a Trustee you transfer the property to after policy date
• Post Policy Forgery
• Post Policy encroachment onto insured land
• Enhanced existing right of access by including both pedestrian and vehicular access
• Losses due to building permit violations
• Losses due to existing violation of subdivision law
• Post policy structural damage from third party easement for mineral extraction
• Violations of restrictive covenants identified in the Policy:
  • Resulting in loss of title
  • Resulting in loss from correction or removal
  • Resulting in loss of use where single family dwelling prohibited
• Forced Removal of existing structure that:
  • Encroach onto an easement identified in the policy
  • Violate a building restriction line identified in the policy
  • Encroach onto a neighbor’s land
• Land cannot be used for single family dwelling under zoning ordinance

At Two Rivers Title, we consider ourselves a part of your team, as your closing partner , your trusted advisor for all things title and part of your business development group. Your buyer’s closing is our most important closing. We know that the more exceptional we can make the experience, the more likely your buyer is to refer to you again and again.

Continuing Education Program for Realtors

Two Rivers Title Company, LLC, is dedicated to delivering superior service to our Realtor clients, both as partners throughout the closing process, and as an integral part of career development through on-going Realtor education.

Through Two Rivers Settlement Services, Inc., part of the Two Rivers Title family of companies, we are building a catalog of CE Course offerings that are available at no cost to key Realtor clients. Our courses are chosen and developed based on the following criteria:

• Courses that are relevant to attendees and current in subject matter
• Courses that provide attendees with knowledge that gives them a competitive edge
• Courses that are directly applicable to day-to-day work
• Courses that are “portable” and can be presented at your place of work to you and your colleagues

Two Rivers Title was built on its respect for and partnership with the legal community. Our CEO and many of our staff are attorneys and we are committed to helping you reduce costs, prevent surprises, simplify the process for your clients and your staff ,and reduce risk.

CLE Courses

Two Rivers Title Company, LLC, is dedicated to delivering superior service to our Attorney clients, both as partners throughout the closing process, and as an integral part of career development through our Continuing Legal Education courses.

• Where Ethics, Technology, and Real Estate Intersect– 2 hour Ethics Credit
• Where Ethics, Technology, and Real Estate Intersect– 1 hour Ethics Credit
• Understanding Flood Insurance and Mapping…Yesterday, Today and Tomorrow– 2 hour
• Course #9 – FIRPTA & Geographic Targeting… A Practical Overview for Today’s Market

RSVP Today

To reserve your spot, contact us at [email protected], or call 732-704-5370.

As part of the Two Rivers Family of Companies, Two River Settlement Services, LLC employees provide the following services for our clients:

• Prepare accurate and timely seller documents for transactions
• Perform in-depth and high-quality title searches
• Offer Continuing Education (CE) and Continuing Legal Education (CLE) courses at no charge for our partners
• Title insurance escrow and settlement services in PA and NJ
  • NJ Location: 170 Changebridge Road B2, Montville, NJ 07045
  • PA Location: 30 South 15th Street, 15th Floor, Philadelphia, PA 19102

 

Settlement Services at Two Rivers Title Company

Whether you want a title search, loan settlement, or both, we can assure you that our professional staff will see your loan processed immediately, and once closed, your documents returned without errors. Our notaries are licensed, trained professionals who not only understand your loan products through extensive training, but who are also trained to understand the borrower’s wants and needs as consumers. The Principals of Two Rivers Title, who are real estate attorneys, are always available to the notaries to answer any questions your clients may have.

We accommodate our/your clients by conducting closings wherever and whenever it is convenient for them; whether it be in their home, at their place of business or at the lender’s office; daytime, evening or on the weekends. All security instruments and original documents required by the lender are reviewed with the clients so they feel comfortable with the product and understand the terms of their loan.

The closing is usually the only time the client has had one-on-one contact with a representative of the bank. We will guarantee you that your client will leave the closing with a lasting impression that the bank cared about them.

Witness Signing Services

Coordination of the execution of the loan documents by scheduling a qualified notary or attorney to acknowledge and witness the signatures in compliance with the lender’s closing instructions. Signing appointments can be scheduled on a 24-hour a day, seven days a week basis at the borrower’s choice of location.

Attorney Closings

In states where notaries and closing agents are not eligible to perform signings on real estate transactions, Two Rivers Title manages a network of licensed attorneys to fulfill the closing services.

Close by Phone

Two Rivers Lender Services simplifies the closing process through our Close by Phone program. Two Rivers telephones the borrower at scheduled date and time and reviews the entire closing package with borrower. The Lender has the option to allow the borrower to take the closing documents to a notary of their choice or have Two Rivers schedule a notary to acknowledge the security instrument and any other document(s) requiring the action of a notary.

Full Closings

We offer a full range of settlement services, including:

• Obtaining payoffs
• Preparation of settlement statements and ancillary documents
• Title curative work
• Obtaining tax and insurance certifications
• Funding
• Post-closing review of security instruments utilizing centralized processing in combination with our network of Two Rivers closing agents and notaries.

Funding Services

Two Rivers offers centralized disbursement of loan transactions according to the lender’s specifications, using a single wire transmission to fund loans nationwide at a fixed cost from a secure single source. Two Rivers is responsible for HUD-1 preparation, document delivery to the closing appointment, post closing review of the executed closing documents and disbursing the loan proceeds, payoffs and ancillary costs as directed by the lender through a single lender check or by wire for multiple funding.

Contact Two Rivers Title Today to discuss our settlement services.

To insure our clients receive superior service, we have developed a Ten Point Service Schedule. We estimate that Two Rivers Title can save your office staff 3 to 5 hours on every transaction using our Ten Point Service Schedule for real estate paralegal services.

1. We follow-up for back title with the seller’s attorney and utilizing our database of existing title policies.
2. We call the seller’s attorney to obtain the account number of the seller’s present mortgage and phone number of lender and we forward that information to your office (this saves your staff from making several phone calls).
3. We order the survey and follow-up for timely receipt of the survey.
4. We send a copy of the commitment to the seller’s attorney (saves the staff from receiving and re-sending the commitment).
5. We resolve title issues in a prompt, business-friendly manner. Estates, liens, corporate/franchise tax issues may hold up a closing, but escrows, indemnities and undertakings arranged by us with the seller’s attorney can take the burden of negotiating these items off of you and avoid delays in a closing.
6. We file the Notice of Settlement and provide you and the lender a copy of the transmittal letter and check.
7. We can prepare and provide amendment letters upon request hour and fax them directly to the lender and seller’s attorney when applicable.
8. We issue policies within 4 to 8 weeks after closing or a letter notifying you why the policy is being held.
9. To save you time, we can send the lender’s policy directly to the lender with a copy to you and a letter stating where the original lender’s policy was sent.
10. Four months after the closing, if the seller’s bank has not cancelled the paid off mortgage of record, then we follow up with the seller’s bank to get the mortgage canceled or discharged.

Contact Two Rivers Title Company today to learn more about our real estate paralegal services in NJ.

Escrow;

“A contractual arrangement where a third party receives, holds, and disperses money and/or documents for the primary transacting parties once agreed upon conditions are met by both transacting parties”

Choosing an escrow agent that can assure you that funds will only exchange hands once all instructions are carried out according to the transaction agreement is a key element to the success of your closing, and to providing peace of mind throughout the settlement process.

At Two Rivers Title Company, our escrow agents are bonded and insured and are experienced in all areas of real estate closing. We provide secure and reliable escrow services for residential, commercial, and government real estate transactions. Our goal is to make sure that your closing goes smoothly by keeping careful track of all transaction details, ensuring that both parties are satisfied before any property or funds are exchanged.

Some of the escrow services we perform include:

• Preparing and distributing title commitments
• Locating, ordering, and distributing surveys, if requested
• Ordering and distributing flood searches, if necessary
• Preparing and filing the Notice of Settlement
• Preparing an Affidavit of Title for the buyer
• Ordering Mortgage Payoff Statements for existing mortgages
• Preparing Closing Disclosures, HUD-1 or HUD-1A Settlement Statements and sending to parties for review
• Scheduling and organizing the closing
• Processing the lender’s mortgage package for closing
• Distributing funds according to the lender’s instructions and in accordance with HUD-1 or HUD-1A Settlement Statements
• Recording and filing any applicable closing documents
• Returning any executed documents as instructed
• Returning any original recorded documents (or copies) to the appropriate parties
• Forwarding any original loan and owner’s policies as instructed

Commercial Escrow Services

Commercial real estate transactions are complicated and involve large sums of money. These transactions require an experienced escrow company to keep track of all the related funds, information and documents. In many cases, it is the escrow company who has the best overview of the entire transaction and all requirements for both parties. At Two Rivers Title Company, we have decades of experience in dealing with complex commercial transactions, and can make sure your closing goes through without a problem.

Contact Us Today

Contact Two Rivers Title Company today to discuss our escrow services for your upcoming real estate transaction.