Summary
Qualified company or firm to provide title and settlement services needed when a homeowner seeks to voluntarily transfer property (primarily residential in nature) to the State. The Residential Property Acquisition Title & Settlement Services scope of work will consist of providing initial title services (including but not limited to title commitments, judgment searches, upper court searches, and reports) to determine the chain of title for each residential property and, upon the transfer of title to DEP, issuing final title policies with endorsements. In some cases, the scope of work may also include furnishing a verification of liability (via a property specific General All Purpose Appraisal Report or “GPAR”), performing or securing property boundary surveys and generating metes and bounds description on behalf of owners selling to DEP, offering
notary services (remote and in person), and providing any related closing or settlement services necessary for DEP’s acquisition of residential real estate.