Difference between revisions of "NJ Underwriting References"
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==Probate & Estates== | ==Probate & Estates== | ||
==Public Lands== | ==Public Lands== | ||
| − | ==Restrictions | + | ==Restrictions and Reverters== |
| + | |||
==Servicemembers Civil Relief Act== | ==Servicemembers Civil Relief Act== | ||
==Special Risks/Ultra-Hazardous Risks== | ==Special Risks/Ultra-Hazardous Risks== | ||
| Line 97: | Line 98: | ||
===Property Tax=== | ===Property Tax=== | ||
=== Other State and Local Taxes=== | === Other State and Local Taxes=== | ||
| − | ==Tax | + | ==Taxation And Tax Titles== |
| − | |||
===NJ Tax Sale Foreclosures Exceptions=== | ===NJ Tax Sale Foreclosures Exceptions=== | ||
| − | ==For In Rem (Schedule B-II)== | + | ====For In Rem (Schedule B-II)==== |
Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-104.67, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50. | Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-104.67, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50. | ||
| − | ==For In-Personam (Schedule B-II):== | + | ====For In-Personam (Schedule B-II):==== |
Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-87, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50. | Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-87, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50. | ||
| − | ==For Both:== | + | ====For Both:==== |
Schedule B-I: Proof is required that the owner whose interest was divested by the foreclosure is no longer in possession of the land insured. | Schedule B-I: Proof is required that the owner whose interest was divested by the foreclosure is no longer in possession of the land insured. | ||
| − | ==Schedule B-II:== | + | ====Schedule B-II:==== |
If any right of the United States is affected by the foreclosure: Right of redemption of the United States pursuant to 28 U.S.C. §2410. [May be omitted 120 days following the date of the sheriff’s sale if the sole interest of the U.S. is a Federal Tax Lien; otherwise, may be omitted one (1) year following the date of the sheriff’s sale.] | If any right of the United States is affected by the foreclosure: Right of redemption of the United States pursuant to 28 U.S.C. §2410. [May be omitted 120 days following the date of the sheriff’s sale if the sole interest of the U.S. is a Federal Tax Lien; otherwise, may be omitted one (1) year following the date of the sheriff’s sale.] | ||
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Remember that all covenants, conditions, restrictions and easements existing on the land carry through unaffected by the tax sale foreclosure (i.e. affordable housing restriction even if it indicates that it expires upon a foreclosure.) | Remember that all covenants, conditions, restrictions and easements existing on the land carry through unaffected by the tax sale foreclosure (i.e. affordable housing restriction even if it indicates that it expires upon a foreclosure.) | ||
| − | |||
==Taxes And Assessments== | ==Taxes And Assessments== | ||
==Tenancies== | ==Tenancies== | ||
Latest revision as of 14:46, 25 August 2016
Contents
- 1 Agency
- 2 Agreement for Deed
- 3 Agreement Not to Transfer or Encumber
- 4 Agreements
- 5 Agricultural Lands
- 6 Alien Land Ownership
- 7 Aliens Ineligible To Citizenship
- 8 Alteration of Instruments
- 9 Bankruptcy
- 10 Cemeteries
- 11 Chattel and Crop Mortgages
- 12 Churches
- 13 Common Law Syndicates or Trusts
- 14 Community and Separate Real Property
- 15 Condominiums, Homeowners’ Associations and Common Interest Developments
- 16 Construction Liens
- 17 Contracts for Sale
- 18 Conveyances
- 19 Corporations
- 20 Courts
- 21 Covenants, Conditions and Restrictions
- 22 Creditors’ Rights & Fraudulent Transfers
- 23 Deeds
- 24 Descriptions
- 25 Dissolution of Marriage
- 26 Easements
- 27 Eminent Domain
- 28 Entities
- 29 Escrows
- 30 Estates of Decedents
- 31 Federal Estate Tax
- 32 Federal Housing Administration Loans
- 33 Federal Land Bank Loans
- 34 Federal Tax Liens
- 35 Fissionable Materials Reservations
- 36 Flexible Purpose Corporations
- 37 Foreclosure Of Mortgages
- 38 Forfeiture
- 39 General Partnerships
- 40 Generally
- 41 Guardianship, Conservatorships and Other Protective Proceedings
- 42 Homestead
- 43 Identity of Persons
- 44 Incompetents & Minors
- 45 Indian Titles
- 46 Judgments and Liens
- 47 Land Trust
- 48 Leases
- 49 Letters of Indemnity Between Title Companies, Reliance on Mutual Indemnification Agreement
- 50 Life Estates
- 51 Maps
- 52 Marital Homestead in Probate Proceedings
- 53 Marital Property
- 54 Marketable Record Title Act & Curative Acts
- 55 Minerals
- 56 Missing Persons
- 57 Mobile homes, Manufactured Homes And Commercial Coaches
- 58 Mortgages & Deeds of Trust
- 59 Notary & Acknowledgments
- 60 Plats & Subdivisions
- 61 Plats And Streets
- 62 Pre-U.S. Land Grants (British, Spanish, Mexican, French, Russian)
- 63 Probate & Estates
- 64 Public Lands
- 65 Restrictions and Reverters
- 66 Servicemembers Civil Relief Act
- 67 Special Risks/Ultra-Hazardous Risks
- 68 Spousal Interests
- 69 State and Local Transfer Taxes
- 70 State Law Reservations
- 71 Streets
- 72 Surveys And Title Insurance
- 73 Tax Liens
- 74 Taxation And Tax Titles
- 75 Taxes And Assessments
- 76 Tenancies
- 77 Trusts And Trustees
- 78 Truth-In-Lending
- 79 Unauthorized Practice of Law
- 80 Uniform Commercial Code (UCC)
- 81 Uniform Federal Lien Registration Act
- 82 Usury
- 83 Utilities
- 84 Water And Water Rights
- 85 Waters And Watercourses
- 86 Zoning
Agency
Powers of Attorney
Corporate Authority
Agreement for Deed
Agreement Not to Transfer or Encumber
Agreements
Agricultural Lands
Alien Land Ownership
Aliens Ineligible To Citizenship
Alteration of Instruments
Bankruptcy
State Specific
General
Cemeteries
Chattel and Crop Mortgages
Churches
Common Law Syndicates or Trusts
Community and Separate Real Property
Condominiums, Homeowners’ Associations and Common Interest Developments
Construction Liens
Contracts for Sale
Conveyances
Corporations
Courts
Actions affecting Title
Due Process
Lis Pendens
Documenting the Record
Enforcement of Judgments
Servicemembers Civil Relief Act (Soldiers & Sailors)
Covenants, Conditions and Restrictions
Creditors’ Rights & Fraudulent Transfers
Deeds
Descriptions
Dissolution of Marriage
Easements
Eminent Domain
Entities
Escrows
Estates of Decedents
Federal Estate Tax
Federal Housing Administration Loans
Federal Land Bank Loans
Federal Tax Liens
Fissionable Materials Reservations
Flexible Purpose Corporations
Foreclosure Of Mortgages
Forfeiture
General Partnerships
Generally
Guardianship, Conservatorships and Other Protective Proceedings
Homestead
Identity of Persons
Incompetents & Minors
Indian Titles
Judgments and Liens
Land Trust
Leases
Letters of Indemnity Between Title Companies, Reliance on Mutual Indemnification Agreement
Life Estates
Creation & Recognition
Lady Bird Deeds
Maps
Marital Homestead in Probate Proceedings
Marital Property
Marketable Record Title Act & Curative Acts
Minerals
Missing Persons
Mobile homes, Manufactured Homes And Commercial Coaches
Mortgages & Deeds of Trust
Notary & Acknowledgments
Plats & Subdivisions
Plats And Streets
Pre-U.S. Land Grants (British, Spanish, Mexican, French, Russian)
Probate & Estates
Public Lands
Restrictions and Reverters
Servicemembers Civil Relief Act
Special Risks/Ultra-Hazardous Risks
Spousal Interests
Divorce
Joinder Requirements
State and Local Transfer Taxes
State Law Reservations
Streets
Vesting
Usage Rights
Abandonment & Vacation
Surveys And Title Insurance
Tax Liens
Federal Income and Other Taxes
Federal Estate Tax
State Income Tax
Property Tax
Other State and Local Taxes
Taxation And Tax Titles
NJ Tax Sale Foreclosures Exceptions
For In Rem (Schedule B-II)
Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-104.67, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50.
For In-Personam (Schedule B-II):
Consequences of the exercise of the right of redemption for a period of three (3) months from the entry of final judgment, pursuant to N.J.S.A. 54:5-87, or re-opening or vacating of the final judgment for a period of one (1) year from the entry thereof, pursuant to R. 4:50.
For Both:
Schedule B-I: Proof is required that the owner whose interest was divested by the foreclosure is no longer in possession of the land insured.
Schedule B-II:
If any right of the United States is affected by the foreclosure: Right of redemption of the United States pursuant to 28 U.S.C. §2410. [May be omitted 120 days following the date of the sheriff’s sale if the sole interest of the U.S. is a Federal Tax Lien; otherwise, may be omitted one (1) year following the date of the sheriff’s sale.]
If the foreclosure documents utilized only tax map references: Owing to variations between tax map and record descriptions of the subject premises, policy will insure [insures] only those lands in common to both.
Consequences of an attack on the estate or interest insured herein under the Federal Bankruptcy Law or any creditors' rights law or state insolvency law. [May be omitted two (2) years following the date of the final judgment, unless other circumstances dictate that it be retained.] Remember that all covenants, conditions, restrictions and easements existing on the land carry through unaffected by the tax sale foreclosure (i.e. affordable housing restriction even if it indicates that it expires upon a foreclosure.)
