An encumbrance or claim on title that may impair an owner's title to the property and is often removed with a quitclaim deed. This is called a ________ on Title
A promise from the title company to issue a title insurance policy for your new home after closing. This is called the ________ for Title Insurance
The legal presumption that information may be obtained by an individual through due diligence. Properly recording documents in the public records serves as __________ Notice
A condensed history of all the recorded documents relating to the property. This is referred to as the ________ of Title
To give public notice to the world of an ownership in real estate. This is referred to as ________ the Deed
A report showing the condition of title before a sales transaction. After completion of the transaction, a title insurance policy is issued. This is called the __________ Title Report
Down
This policy protects the buyer should a covered title problem arise and is paid by the seller. This is called the ________ Policy
Free from major defects which can deter a potential buyer from wanting to purchase the property. This is referred to as _______ Title
Often used by title companies to acquire the rights from their policy holders to go after the party who caused the injury to recover the money that the insurance company has already paid out.
An opinion prepared by a title company on the status of the title. It does not guarantee title, however, it gives the condition of title as of the date this was issued by examine the public records. This is called the _________ of Title
An individual who has searched the public records and inspected the property has ________ Notice, also known as direct knowledge
This policy protects the lender's interest in the property should a problem with title arise. This is called the ________ Policy
The history of the property ownership is referred to as the _______ of Title
Protects the policy holder against loss due to title defects. A new policy will be issued every time the property is conveyed to a new owner. This is called _______ Insurance
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