What are the types of information made public by recording, including information that does not necessarily...

 

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What are the types of information made public by recording, including information that does not necessarily pertain to real estate? Why is it important for such documents to be available to the public? Discuss the difference between a chain of title and an abstract of title. How long is a title insurance policy effective? How is it affected by the death of the owner? By the sale of the property by the owner? By foreclosure of the property? What types of defects could render a title unmarketable? What are the implications of purchasing property with an unmarketable title? What are the implications of an unrecorded deed? Forgeries? Are there any circumstances in which a homeowner should purchase both a lender's policy and an owner's policy? What happens if there is a title problem and there is only a lender's policy in effect and the title insurance company has to pay the lender? What are the types of information made public by recording, including information that does not necessarily pertain to real estate? Why is it important for such documents to be available to the public? Discuss the difference between a chain of title and an abstract of title. How long is a title insurance policy effective? How is it affected by the death of the owner? By the sale of the property by the owner? By foreclosure of the property? What types of defects could render a title unmarketable? What are the implications of purchasing property with an unmarketable title? What are the implications of an unrecorded deed? Forgeries? Are there any circumstances in which a homeowner should purchase both a lender's policy and an owner's policy? What happens if there is a title problem and there is only a lender's policy in effect and the title insurance company has to pay the lender?

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Typical public records include but are not limited to Court records Birth records Death records Marriage records Licensing records Statistical data Bu... View the full answer