Originally Posted by LisaB4657
Your attorney was correct. The price for title insurance in NJ is regulated by law. It is a certain amount per $1000 of purchase price. However, that is the cost for the title insurance premium. There are other services provided by the title insurance company that are added to the final bill. These costs include fees for the title search, the court searches, obtaining tax, assessment, water and sewer info, additional endorsements to the title policy that may be required by the lender, copying, overnight mailings, etc.
The amount you were quoted doesn't sound out of line. But if you are concerned then you can call any title agency in NJ and ask them what the total title bill would be for the purchase of a $410,000 house. Ask them to include all fees in their estimate and not just the title premium.