Fred has just finished examining a title search abstract and is preparing the title report. Describe what he should include in the report. Assume his jurisdiction issues title insurance
What will be an ideal response?
Fred's title report should include a legal description of the real estate, a description of how the seller
acquired ownership and anything that impacts that ownership. He should also list any items that might affect
the ability to give good title to the buyer. His report will also serve as a binder for title insurance.
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A ____ is commonly used when a deed is necessary to cure a defect in the chain of title or when the grantor is not sure whether his title is good or bad.
a. bargain and sale deed b. special warranty deed c. bill of sale d. quitclaim deed