What Is Title Insurance and Do I Need It in NYC? - Natalia A. Sishodia
Notas del episodio
From Sishodia PLLC - What Is Title Insurance and Do I Need It in NYC? explores how title insurance protects Manhattan and New York City property buyers from hidden ownership problems, liens, fraud, forgery, recording errors, and other title defects that may not appear until after closing. The episode explains why condo and townhouse buyers often need title insurance, especially when financing with a mortgage, and why co-op purchases are treated differently because buyers purchase shares in a cooperative corporation rather than real property.
Listeners will hear how Manhattan real estate attorney Natalia A. Sishodia, Esq., LL.M., Managing Partner of Sishodia PLLC, helps buyers and sellers understand closing costs, title searches, policy choices, and legal requirements throughout the NYC real estate process. The discussion covers lender’s policies, owner’s policies, enhanced owner’s policies, and how coverage differs depending on whether the transaction involves a condo, co-op, townhouse, or other residential property.
The episode also breaks down New York’s regulated title insurance system, including the role of the New York State Department of Financial Services, New York Insurance Law Article 64, New York Insurance Law § 2305, New York Insurance Law § 6409, and the Title Insurance Rate Service Association. It highlights how the Office of the City Register, ACRIS, the New York County Clerk’s Office at 60 Centre Street, title companies, deeds, court records, judgments, unpaid taxes, municipal liens, and endorsements can all factor into a buyer’s title review.
For anyone buying property in Manhattan, Brooklyn, Queens, the Bronx, Westchester, or surrounding New York City areas, this episode offers a clear look at why title insurance can be an important part of protecting a real estate investment. Sishodia PLLC, located at 600 Third Avenue in Manhattan, guides domestic and international clients through condo and co-op purchases and sales, new developments, deed transfers, leasing, lending, commercial transactions, and 1031 tax-deferred exchanges. To discuss title reports, insurance policies, or the closing process, call Sishodia PLLC at (833) 616-4646.
Sishodia PLLC
600 3rd Ave 2nd floor, New York, NY 10016, United States
(833) 616-4646