Question
1.If the real property is to be transferred via warranty deed and we performed a title examination on the property, why would someone even need
1.If the real property is to be transferred via warranty deed and we performed a title examination on the property, why would someone even need title insurance?
2. What risks are covered by an ALTA owner's policy?
3. What are the exclusions from coverage in the ALTA's owner's policy?
4. What is the effective date of a title insurance policy, and why is that important?
5. What are the general exceptions to an ALTA title insurance policy?
6. What is a title insurance mortgage or loan policy?
7. What risks are insured by an ALTA loan policy?
8. What is an endorsement and an example of an endorsement and how it works.
9. What is a title commitment, and why is it so important in a real estate transaction?
10. What is a pro forma title insurance policy?
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