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Old 06-29-2010, 11:50 AM
 
574 posts, read 1,358,818 times
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Default NJ Title Insurance and Reissue Rates

As I understand, NJ title insurance rates are the same everywhere but I heard there's a discounted rate called a reissue rate which is similar to a rate you get if you refinance instead of purchase. Consumers qualify if the previous homeowner/seller has owned the home less than 10 years.

Are refinance and reissue rates the same thing and has anyone had any luck getting this rate?

I heard that a reissue rate is kept from consumers because obviously it's discounted so not revealed to them.

For my loan, a title insurance rate is 2080, but the refinance/reissue rate is 1488.
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Old 06-29-2010, 05:38 PM
 
Location: Cranford NJ
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I guess if you use the same title insurance carrier, that may be the case.
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Old 06-29-2010, 05:49 PM
 
Location: Vermont
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that sounds about right. the re-issue was not a lot cheaper for us.
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Old 06-29-2010, 10:20 PM
 
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Joe how were you able to get the reissue rate? Did you find out what title company the previous owner used? Or did you also get a copy of the previous owner's title insurance?

I've asked my buying agent to get this information from the seller but am not sure if they will cooperate.
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Old 06-30-2010, 04:52 AM
 
Location: Vermont
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sorry it was just a refinance on my own home. i am not sure if i sold my home now if the buyer would get that. i'd try to get it for them through my lawyer (who ordered the title insurance).
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Old 06-30-2010, 08:59 AM
 
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I just purchased a home and my title search company told me there is no more re-issue rate in NJ.
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Old 06-30-2010, 07:43 PM
 
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Quote:
Originally Posted by cw30000 View Post
I just purchased a home and my title search company told me there is no more re-issue rate in NJ.
I heard companies are reluctant to reveal this information and you may even need to call the parent company to find out.

I have a feeling it's still available and will be doing some research myself.
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Old 09-28-2010, 09:50 AM
 
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That it true, there is no reissue rates as of March, 2009.
If you need a NJ Calculator go to [url=http://www.LoyaltyAbstract.com]PA Title Insurance Rates, Calculator - Philadelphia, New Jersey[/url]. You need to know your loan amount and previous loan amount, so refinance rate (cheaper rate) will be given.
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Old 03-02-2012, 07:49 PM
 
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Default yas

very interesting [url=http://punto-soft.com/App_Data/2/].[/url]
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