Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

14 Cards in this Set

  • Front
  • Back

The priority of a recorded instrument is determined by the rate of?


When an attorney or title insurance company traces the ownership of a parcel of land to the beginning of its recorded history, the process is known as the?

Title search

A recorded notice stating that a pending lawsuit may affect title to a particular property is a ?

Lis pendens

A document that summarizes all recorded interest affecting title to a given parcel of land is an

Abstract of title

All the documents that comprise the history of the title or the

Chain of title

After an attorney examines an abstract, he will render a

Title opinion

Protection against incomplete or defective records of title found after closing can best be obtained by securing

Title insurance

title that is free from reasonable doubts as to its validity is

Marketable title

A problem not covered by standard or extended title insurance is an


A prorated item paid in advance of settlement will be a

Debit to the buyer

Blank, requires the lender to disclose blank, in a good faith estimate no later than 3 days after loan application

Respa, all settlement cost

A prorated item in arrears will be a

Credit to the buyer

A new loan will show on the settlement statement as a buyer


Shared items such as property taxes and water bills will be blank, between the buyer and the seller