Escrow & Title
What is a 'preliminary title report' (PTR) in a Hawaii real estate transaction?
AA. A report issued after closing confirming that title has been transferred
BB. A report issued before closing identifying the current condition of title, existing liens, easements, and other matters affecting the property✓ Correct
CC. A physical inspection report prepared by the title company
DD. A county document listing all permit history for a property
Explanation
A preliminary title report (PTR) is prepared by the title company before closing. It reports the current condition of title based on a search of public records, identifying the current owner, existing liens, mortgages, easements, restrictions, and other matters that must be addressed before the title company will issue insurance.
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