Escrow & Title
A Mississippi property has a 'survey exception' in its title policy. To remove this exception, the buyer would need to:
APay a higher title insurance premium
BObtain a current survey showing no encroachments or other matters that would be revealed by inspection✓ Correct
CGet MREC's approval
DRecord a new deed
Explanation
A survey exception excludes coverage for matters a survey would reveal (encroachments, boundary issues). To obtain an ALTA Extended Coverage Policy without the survey exception, the buyer must obtain an acceptable ALTA/NSPS survey.
Related Mississippi Escrow & Title Questions
- In Mississippi, when a deed of trust is fully paid off, the lender must:
- In Mississippi, which document must be recorded with the chancery clerk to provide constructive notice of a property transfer?
- At a Mississippi closing, the 'HUD-1' or Closing Disclosure itemizes:
- Which of the following liens has the highest priority in Mississippi?
- A Mississippi buyer who purchases title insurance is protected against all of the following EXCEPT:
- A Mississippi property that is 'unencumbered' is one that:
- A buyer's lender requires a lender's title insurance policy. This policy protects:
- A cloud on title in Mississippi refers to:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →