Escrow & Title
In Hawaii, a 'cloud on title' means:
AA. The property has been damaged by volcanic activity
BB. A defect, encumbrance, or claim that may affect the quality or ownership of title✓ Correct
CC. The title insurance has expired
DD. The property has multiple owners
Explanation
A cloud on title is any outstanding claim, lien, or encumbrance that may affect the validity or marketability of title, requiring resolution before the property can be conveyed free and clear.
Related Hawaii Escrow & Title Questions
- What is a 'title plant' in the context of Hawaii real estate?
- Which of the following is a debit to the buyer on a Hawaii closing statement?
- Which of the following is a primary function of an escrow in a real estate transaction?
- At closing in Hawaii, a seller's tax proration credit means:
- In Hawaii, the Bureau of Conveyances is responsible for:
- A Hawaii escrow company may NOT disburse funds until:
- Hawaii's conveyance tax rate for residential properties is applied on a graduated scale based on:
- In Hawaii, a deed of trust differs from a mortgage because:
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