Escrow & Title
A Mississippi 'lot book' maintained by a title company contains:
AThe assessed values of all properties in the county
BA compilation of title information for each property, organized by lot or parcel, used to speed title searches✓ Correct
CThe zoning classification of each parcel
DThe current ownership list for tax billing purposes
Explanation
A title company's lot book (also called a title plant or abstract plant) is a private compilation of recorded instruments organized by parcel, allowing title examiners to quickly search title without going to the courthouse.
Related Mississippi Escrow & Title Questions
- A Mississippi title search shows that a property was previously subject to a deed of trust that was foreclosed upon 15 years ago. However, the satisfaction or trustee's deed from the foreclosure was never recorded. The title searcher finds:
- Which party typically purchases the owner's title insurance policy in a Mississippi residential transaction?
- The 'chain of title' for a Mississippi property begins with:
- In Mississippi, an abstract of title is a:
- In Mississippi, which document must be recorded with the chancery clerk to provide constructive notice of a property transfer?
- Which of the following liens has the highest priority in Mississippi?
- A buyer's lender requires a lender's title insurance policy. This policy protects:
- Title insurance in Mississippi protects against:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →