Escrow & Title
In Maine, title insurance protects the policyholder against:
AFuture zoning changes
BDefects in title existing before the policy date✓ Correct
CProperty tax increases
DFuture environmental contamination
Explanation
Title insurance protects against undiscovered title defects that existed prior to the policy issuance, such as undisclosed liens, forged deeds, or missing heirs.
Related Maine Escrow & Title Questions
- In Maine, a 'lis pendens' recorded against a property notifies potential buyers that:
- In Maine, when a property is sold to a trust, the deed should name:
- What is the purpose of a 'settlement statement' (Closing Disclosure) at a Maine real estate closing?
- Which of the following encumbrances would NOT be extinguished at a Maine foreclosure sale?
- In Maine, which party typically pays for the owner's title insurance policy in a residential transaction?
- In Maine, a 'preliminary title report' is issued before closing to:
- When a Maine property is sold 'subject to' outstanding real property taxes, who is responsible for paying those taxes?
- A Maine closing disclosure (CD) shows the buyer's cash due at closing as $42,350. The buyer brings a cashier's check for that amount. At closing it is discovered the final amount is $42,475. The buyer should:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →