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Flashcards in Property & Title Insurance Deck (5)
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1

When personal property is included in the sale, what document transfers ownership?

Bill of Sale

2

Define:
Hypothecation

Pledging real estate as collateral without giving up possession

3

Is forgery in a warranty deed covered under title insurance?

Yes

4

A property was purchased for $200,000, after obtaining a loan for $150,000. How much title insurance coverage did the buyer pay for?

$150,000; the seller's policy would be for $200,000.

5

Which of the following would be covered under a standard title policy?
Encroachments,
Surveys,
Forgery,
Unrecorded mechanics liens

Only forgery