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6 Cards in this Set
- Front
- Back
endorsement |
Amendment to a title insurance policy that generally modifies existing coverage or adds special coverage to the policy
Example: amendment to title policy (changes in zoning) |
|
mortgage or loan policy |
Policy of title insurance that insures the interest of a mortgage or lender to the title of real property
who gets them and why?
mortagee |
|
owner's policy |
Policy of title insurance that insurers an owner's title to real property |
|
title insurance |
Contract to indemnify the insured against loss through defects in the title to real property |
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title insurance commitment |
Commitment or contact by a title insurance company to issue a title insurance policy |
|
exceptions |
servitudes, liens, easements |