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Author Question: Mary is examining a title search abstract in preparation of issuing a title report. Explain what ... (Read 179 times)

lilldybug07

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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?


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Smiles0805

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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.


lilldybug07

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Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
:D TYSM

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