FAQ
- How can I order title insurance?
- How can I check the status of my title?
- Can Record and Return insure title on properties in foreclosure?
- How does Record and Return regard Powers of Attorney?
- How much does title insurance cost?
- Does Record and Return issue title insurance for co-ops?
- On-Line by utilizing our fill-in forms — just click on TITLE APPLICATION and choose the appropriate form for your search needs. Once the form is completed, click on the SUBMIT button at the bottom of the form and your order is immediately emailed to our Order Department. This method of ordering allows you to order title searches 24/7 from any computer with Internet access.
- Another on-Line ordering option is to click on LIVE CHAT — this will connect you directly with a member of our helpful staff via a "chat session," affording you the opportunity to discuss your concerns and special needs regarding your order or any title issue from the comfort of your computer.
- As always, titles may be ordered via telephone or fax.
As always, if you have any additional questions, please do not hesitate to contact Record and Return Title Agency, Inc. by clicking the LIVE CHAT button or by phone or fax, and we will be more than happy to help you.
How can I order title insurance?
Record and Return Title offers you a variety of ways to order your title search:
Whichever method you choose, our goal is to provide you with 100% satisfaction.
top
How can I check the status of my title?
Record and Return Title Agency is now offering secure on-line access to your title orders so that you may track the progress of your title search from the order stage through production of the title report, and continuing as we move towards closing your transaction. This feature is available by clicking on CLIENT LOGON and entering your individual USER ID and PASSWORD. We would be happy to assist with setting up your secure access and navigating this area of our website.
LIVE CHAT is also another helpful tool for checking the status of your title search or addressing any issues you may require assistance with. However, we always welcome the opportunity to speak with you on the telephone or respond to any requests you wish to send us via email or fax.
top
Can Record and Return insure title on properties in foreclosure?
On February 1, 2007, the State of New York enacted the Home Equity Theft Protection Act (“HETPA”) to protect “distressed” homeowners from being taken advantage of. Properties where a mortgage is in default in or has actually progressed to a foreclosure action may be governed by this law. The Act delineates very specific legal procedures which must be adhered by foreclosing lenders, purchasers, sellers, their attorneys, and title insurance companies.
At Record and Return Title each transaction is evaluated to determine if it is governed by the statutory requirements of HETPA. We then work with all parties involved to assure that the underwriting and statutory criteria are met.
top
How does Record and Return regard Powers of Attorney?
In order to avoid fraudulent real estate transactions via Powers of Attorney, Record and Return Title takes every precaution to ensure that our clients are receiving the highest level of protection against fraud. Two of our main requirements are that we must review every fully-executed Power of Attorney no less than 48 hours prior to closing, and the Power of Attorney must be accompanied by no fewer than two (2) forms of valid, non-expired, government-issued photo/signature identification.
Upon review of a fully-executed Power of Attorney, we provide written acceptance of the Power of Attorney along with any additional underwriting requirements.
top
How much does title insurance cost?
Title insurance premiums in New York State are regulated by the NYS Insurance Department and are uniform throughout the state. By using the rate calculator, a clients can generate estimated quotes that are highly specialized for the needs of their distinct real estate transactions.
top
Does Record and Return issue title insurance for co-ops?
Title insurance on cooperative apartments differs from title insurance on real property in that the interest in the apartment is "leasehold" meaning that the lessee holds no ownership in the building, but a proprietary lease on the apartment and/or shares of stock in the cooperative corporation which owns the building. Record and Return Title offers leasehold insurance to both purchasers and lenders to insure the validity and priority of their interest in the apartment.
top
