Escrow & Title
A cloud on title refers to:
AHeavy rain during a property inspection
BAny outstanding claim or encumbrance that may impair the marketability of title✓ Correct
CA zoning restriction on the property
DAn expired listing agreement
Explanation
A cloud on title is any claim, encumbrance, or lien that raises questions about the validity of the owner's title and may need to be resolved before the property can be conveyed clearly.
Related Indiana Escrow & Title Questions
- An Indiana title policy's standard exception for 'matters not shown by the public records' typically excludes coverage for:
- Under RESPA, a Closing Disclosure must be provided to the buyer at least how many business days before closing?
- The title evidence most commonly used in Indiana to prove marketable title is:
- A deed in lieu of foreclosure allows a borrower in default to:
- An abstract of title is:
- In Indiana, property taxes are paid in arrears, which means at closing the seller typically:
- When does title to real property typically transfer in Indiana?
- An Indiana property owner's title insurance policy is not required to be renewed annually because:
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