Escrow & Title
Title insurance in Connecticut protects against:
AFuture damage to the property
BDefects in title that existed before closing✓ Correct
CEnvironmental contamination discovered after purchase
DNeighbor disputes over fence lines
Explanation
Title insurance protects the holder against losses arising from defects in title that existed prior to the policy date, such as forged deeds, undisclosed heirs, recording errors, and prior liens.
Related Connecticut Escrow & Title Questions
- Which deed is commonly used to clear a title defect because it conveys only whatever interest the grantor may have, with no warranties?
- In Connecticut, the conveyance tax (transfer tax) is typically paid by:
- Connecticut is an 'attorney closing state,' which means:
- A title search in Connecticut typically covers how many years of ownership records?
- A 'warranty of title' in a general warranty deed in Connecticut covenants that the grantor will:
- Which type of deed provides the LEAST protection to a grantee?
- An 'escrow' in Connecticut is best described as:
- In Connecticut, the transfer tax paid by the seller when real property is conveyed is commonly known as the:
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