Transfer of PropertyPregunta 91 de 120
Title insurance protects the insured against:
a.Future physical damage to the property
b.Declines in market value
c.Defects in title existing at the time of the policy
d.Failure to pay the mortgage
Explicación
Title insurance indemnifies the insured against losses from title defects, liens, or encumbrances that existed but were undiscovered when the policy was issued. It is a one-time premium covering past title problems, not future events. Lenders typically require a lender's policy at closing.
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Preguntas relacionadas de este tema
- A California grant deed contains two implied warranties: that the grantor has not already conveyed the property to another, and that:
- A deed that transfers whatever interest the grantor may have, without any warranties of title, is a:
- An escrow holder in a California real estate transaction acts as a:
- Recording a deed in the county where the property is located gives the public:
- California's documentary transfer tax is $0.55 per $500 of value. On a $600,000 sale with no assumed loan, the county transfer tax is:
- A deed in which the grantor makes the fullest express warranties, defending title against all claims, is a:
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