NEW JERSEY AN ATTORNEY AND TITLE COMPANY STATE

Investor Friendly Attorneys handle closings in northern New Jersey, and Investor Friendly title agents customarily handle them elsewhere.

Conveyance is by bargain-and-sale deed with covenants against grantors’ acts (equivalent to a special warranty deed). Mortgages are the most common security instruments though deeds of trust are authorized.

Foreclosures require judicial action which take 6-9 months if they’re uncontested.

New Jerseyites use ALTA owner’s and lender’s policies.

Both buyer and seller pay the escrow and closing costs.

The buyer pays the title insurance fees, and the seller pays the transfer tax.