Escrow & Title
A preliminary title report (or title commitment) is issued to:
AConfirm the final title insurance coverage after closing
BShow the current state of title and exceptions the title company will note in the final policy✓ Correct
CProvide a survey of the property boundaries
DGuarantee the property is free of all encumbrances
Explanation
A preliminary title report (title commitment) is a commitment by the title company to issue title insurance, subject to conditions and exceptions. It shows current title status, liens, encumbrances, and exceptions.
Related Montana Escrow & Title Questions
- A general warranty deed provides the greatest protection to the buyer because it:
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- In Montana, title 'exceptions to coverage' in a title insurance policy typically include all of the following EXCEPT:
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