Escrow & Title
A preliminary title report (title commitment) is issued by the title company to:
AGuarantee that the property has no defects
BIdentify the conditions under which title insurance will be issued, showing current title status✓ Correct
CProvide a certified legal description of the property
DConfirm the purchase price and closing costs
Explanation
A title commitment (preliminary title report) discloses the current state of title, lists any encumbrances, exceptions, and conditions that must be satisfied before the title company will issue a title insurance policy.
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