Mary is examining a title search abstract in preparation of issuing a title report. Explain what Mary must do in order to complete the task
What will be an ideal response?
Mary will complete a number of tasks. She must:
a. Review the abstract
b. Examine each document including deeds, mortgages, liens judgments, etc.
c. Review each restriction, covenant or easement and determine if they have a negative impact on the title
d. Review each mortgage, judgment or lien and determine whether they have been satisfied.
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The following are all general liens except:
A. federal estate tax lien B. real property tax lien C. judgment lien
Name three helpful resources for interpreting documents.
What will be an ideal response?
A life estate is:
a. a home that is willed to a beneficiary for the remainder of his or her natural life. b. a legal term used to describe one's domicile at the time of death. c. the right of a person, called the life tenant, to live on the property until the death of the life in being. d. also known as “estate de la chaim” in some southern regions of the United States.
The attorney-client privilege _______________.?
A. ?is an ethical rule and a rule of evidence B. ?is an ethical rule C. ?is a rule of evidence D. ?is neither an ethical rule nor a rule of evidence E. ?none of the above