Escrow & Title
An owner's title insurance policy in Nebraska protects:
AThe lender against title defects discovered after closing
BThe buyer/owner against title defects that existed prior to the policy date✓ Correct
CThe seller against claims arising after the sale
DAll parties equally against future zoning changes
Explanation
An owner's title insurance policy protects the buyer/owner against losses from title defects, liens, or encumbrances that existed (but were unknown) at the time of purchase.
Related Nebraska Escrow & Title Questions
- Nebraska's Torrens system (certificate of title) for recording property ownership, if available, differs from the traditional recording system in that:
- A Nebraska property has a deed restriction prohibiting buildings taller than 35 feet. The restriction was placed by a developer in 1990. This restriction:
- Nebraska's property tax lien is a:
- In Nebraska real estate, 'abstract of title' and 'title insurance' both serve to:
- A Nebraska property has an easement by prescription. This means the easement was created by:
- A Nebraska property is subject to a special assessment for new sidewalks. At closing, the special assessment is typically:
- Nebraska's county register of deeds office maintains which types of records relevant to real estate transactions?
- A special warranty deed differs from a general warranty deed in that the grantor:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →