Author Question: Mary is examining a title search abstract in preparation of issuing a title report. Explain what ... (Read 76 times)

lilldybug07 · **on:** Aug 3, 2018

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?

Question 2

What are the three types of product defects?

What will be an ideal response?

Smiles0805 · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

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.

Answer to Question 2

They are manufacturing defects, design defects, and warning defects.