Escrow & Title
Which of the following is a common title exception (Schedule B exclusion) in a Mississippi title insurance policy?
AAll recorded liens and mortgages
BRights of parties in possession not shown in the public record✓ Correct
CThe legal description of the property
DThe amount of the title insurance premium
Explanation
Common Schedule B exceptions in title policies include rights of parties in possession (not of record), unrecorded easements, and encroachments that a survey would reveal. These are risks the title company does not insure against in a standard policy.
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