Escrow & Title
In Maine, a buyer who discovers a deed was forged in the chain of title would be protected by:
ATheir homeowner's insurance policy
BTitle insurance✓ Correct
CThe seller's general warranty deed
DThe county Registry of Deeds
Explanation
Title insurance protects buyers against losses from title defects that existed prior to closing, including forged deeds in the chain of title that a title search might miss.
Related Maine Escrow & Title Questions
- When a Maine transaction closes, the deed is typically delivered to:
- In Maine, a 'quitclaim deed' is commonly used in which of the following situations?
- In Maine, earnest money deposited with a broker must be held in:
- An owner's title insurance policy in Maine protects the:
- Earnest money that is properly held in a broker's trust account must be:
- In Maine, the document used to transfer title to real property from one person to another is called a:
- In Maine, where are real estate deeds recorded to provide constructive notice?
- In Maine, a 'title opinion' issued by a real estate attorney after examining the chain of title is:
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