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Chapter Outline. Selection of the Title CompanyWhat the Title Insurance Company InsuresHow the Title search is performedWhat a Title Company DoesPayment for the insurance policy and title searchOpening the Title Order Analyzing the Statement of Information The Preliminary Title ReportWha
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1. Chapter 4 TITLE INSURANCE:Consumers & Real Estate Professionals
2. Chapter Outline Selection of the Title Company
What the Title Insurance Company Insures
How the Title search is performed
What a Title Company Does
Payment for the insurance policy and title search
Opening the Title Order
Analyzing the Statement of Information
The Preliminary Title Report
What the title search reveals
How title is held
Title participation at close of escrow and beyond
3. Chapter 4 At the conclusion of this chapter, you will be able to: 1) Explain why principals should make informed decisions in the selection of the Title Insurance Co. 2) Give a definition of title insurance 3) Differentiate between a preliminary title report and a policy of title insurance 4) Outline the steps used to obtain a preliminary title report 5) Understand how a title search is performed 6) Distinguish between property and people title issues