Author Question: Once the title report is complete: A. Good title may not be transferred until the items that ... (Read 123 times)

ap345 · **on:** Aug 3, 2018

Once the title report is complete:

A. Good title may not be transferred until the items that appear in the title report are cleared
B. Good title may be transferred if the seller warrants that any items that appear in the report will be cleared within thirty days
C. Good title may be transferred if the buyer waives the items that appear on the report
D. Good title may be transferred, but only if the pending sale is a purchase money mortgage contract

Question 2

In financing development, some lenders are skittish about the inherent risks involved. Instead, they choose to withhold funding until the project is complete. Such lenders are known as:

A. Construction lenders
B. Completion lenders
C. Permanent lenders
D. Temporary lenders