What is the function of title insurance?
What will be an ideal response?
Title insurance provides coverage for loss in value to real property from a defect in title that existed prior to the effective date of the policy. It provides coverage for risks of possible defects that were undiscovered because of an incomplete search or because they could not be ascertained by a regular examination of the documents.
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An excellent way of beginning the first interview might be:
A. "OK. Now that we've handled the business side, why don't you tell me about your current situation?" B. "OK. Would you mind if I first confirm all the information on the intake form you completed?" C. "I know the attorney wasn't very specific, but I'm sure you will be able to keep both the house and the children if we can just get some basic information." D. "This will go much faster if you save all your questions for later."
In the case of a real estate transfer, if the transferee can prove that he or she had no actual or constructive knowledge that the debtor-transferor filed for bankruptcy, the transferee may overcome the transfer
Indicate whether the statement is true or false
Which of the following is not applicable to a mandatory waiting period between filing for and receiving a divorce?
a. It is also called a "cooling-off period." b. It usually lasts a few months. c. It is designed to encourage a couple to prepare for the split. d. It results in the couple's reconciliation in the majority of cases.
Plaintiffs have no obligation to disclose the existence of latent defects.
Answer the following statement true (T) or false (F)