Title Records

Front 1

constructive Notice

Back 1

the legal presumption that information has been obtained by an individual through due diligence

Front 2

Actual Notice

Back 2

An individual who has searched the public records and that someone is actually aware of it.

Front 3

Recording

Back 3

the act of placing documents in the public record

Front 4

Chain of Title

Back 4

the record of a property's ownership. Beginning with the earliest owner, a title may pass to many individuals

Front 5

Astract of Title

Back 5

A summary report of what the title search found in the public records

Front 6

Marketable title

Back 6

title that is acceptable and will not subject the buyer to litigation

Front 7

Certificate of title

Back 7

a statement of opinion of the title's status on the date the certificate is issued

Front 8

Title insurance

Back 8

a contract under which the policyholder is protected from losses arising from defects in the title

Front 9

Subrogation

Back 9

when a title company makes a payment to settle a claim covered be a policy, the company acquires the right to any remedy or damages available to the insured

Front 10

Standard coverage

Back 10

1. Defects found in public records. 2. Forged Documents. 3. incompetent Grantors 4. incorrect marital statements. 5. Improperly cdelivered deeds

Front 11

Extended coverage

Back 11

1.Property inspection, including unrecorded rights of persons in possession. 2. Examination of survey. 3. unrecorded liens not known by policyholder