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MERIDIAN RESEARCH GROUP

TITLE INSURANCE AGENCY

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WHAT WE DO

Title insurance exists because risks exist. We are here to protect you, and we take that responsibility seriously. Choosing our dedicated team will make the closing process as worry-free and streamlined as possible. If you are a buyer, an attorney, a loan officer, or an agent, our title support team will make your journey simpler.

Whether you need a simple deed search, a full 40-year formal abstract of title, title insurance for a
subdivision with multiple lots, or a commercial office park, we’re here to complete the task. We provide a concise, clean, and professional product. We collaborate with all parties to get the deal done.

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Latham, NY

OUR OFFICE

Meridian Research Group, LLC is a full-service title insurance and abstract company. We provide title insurance and abstracting to support real estate transitions across New York State. Experts in both commercial and residential real estate, our team of industry professionals have a combined decades of experience to put to work for you and your clients.

Title FAQs

What is title insurance?

A policy of title insurance insures the holder against loss or damage caused by a defect in the insured property.

How is the title report prepared?

A 40-year search of the “chain” of title to the subject property is completed by a professional searcher and passed on to an examiner, who examines all documentation filed recorded that affect that property. A report is prepared, outlining the details concerning any liens, encumbrances, covenants and restrictions (issues that could affect ownership). Attorneys for both buyer and seller work with your title professional to resolve any issues and get you to the closing table.

How are fees charged or calculated?

Title insurance rates in New York are mandated and set by state regulation via the Title Insurance Rate Service Association. Rates vary based on where the property lies, the mortgage amount, and purchase price. Ancillary charges, such as Patriot searches and bankruptcy searches, are permitted to be charged to the buyer. These fees must be disclosed.

What is a lender (mortgage) policy?

When purchasing a property with a mortgage loan, the lender requires a mortgage policy. This insures the that the lender has a valid first lien on the property. If a title defect or issue arises, the lender is covered for its interest in the property (the mortgage amount). This policy is paid for by the buyer, but insures the lender.

What is an owner (fee) policy?

When purchasing a property, an owner or fee policy insures the owner against title defects not covered under the mortgage policy. Purchasers risk financial loss if there are defects in the title. Forgeries, boundary line disputes, and open liens are just a few examples. The fee policy is a one-time cost and covers the owner for the lifetime of ownership.

Meridian Research Group, LLC is a full-service title insurance and abstract company. We provide title insurance and abstracting to support real estate transitions across New York State. Experts in both commercial and residential real estate, our team of industry professionals have a combined decades of experience to put to work for you and your clients.

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