Escrow and Title Insurance Flashcards
1
Q
An ______ __ ______ is a recorded history of a property. It includes a summary of every recorded document concerning the property.
A
Abstract of title
2
Q
Certificate of Title
A
3
Q
Guarantee of Title
A
4
Q
Insures the ownership of real property (land, buildings, and minerals below the surface) against any unknown encumbrances and other items that may cloud the title.
A
Title insurance
5
Q
Standard policy
A
6
Q
Extended-coverage police
A
7
Q
The preliminary title report does not provide any insurance.
A
8
Q
A
