Topic: Commitment of Title
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Answers to Common Questions
What is title commitment?
A title commitment = title binder = title opinion = title report The Title Commitment is the instrument provided by the title agency as the "binding" instrument to insure the loan and/or the new owner of the property as to the prior owners'... Read More »
Source: http://wiki.answers.com/Q/What_is_title_commitment
What is exhibit A in a title commitment?
Answer Exhibit "A" in a title commitment is referring to the legal description of the property. It is also sometimes referred to as Schedule "A". Read More »
Source: http://wiki.answers.com/Q/What_is_exhibit_A_in_a_title_commitment
What is an examination in a title commitment?
Answer An Exam refers to the examination of Public Records relating to the property in question. Most states now allow Public records to be viewed online far enough back for Title Insurers to obtain clear title or reveal any title defects t... Read More »
Source: http://wiki.answers.com/Q/What_is_an_examination_in_a_title_commi...
More Common Questions
Answers to Other Common Questions
A Title Commitment is a result of a title search of the public records. It carries no liability and does not insure the addressee of the accuracy of the information. A Title Commitment is written in anticipation of a future Title Insurance ...
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