Escrow & Title
A 'cloud on title' refers to:
AA property with multiple improvements
BAny outstanding claim, lien, or encumbrance that may impair the owner's clear title✓ Correct
CA deed that has not been delivered
DA property with more than one owner
Explanation
A cloud on title is any outstanding claim, lien, encumbrance, or other matter that casts doubt on the owner's clear, marketable title to the property.
Related New York Escrow & Title Questions
- In New York, a 'construction loan title policy' protects the construction lender against:
- In New York, a 'release of lien' differs from a 'satisfaction of mortgage' in that:
- In New York, 'actual notice' of a prior interest in real property differs from 'constructive notice' in that:
- In New York, 'closing adjustments' (prorations) at a residential closing typically cover which of the following?
- In New York, a 'deed in lieu of foreclosure' means the borrower:
- In New York, a real property transfer is typically subject to FIRPTA (Foreign Investment in Real Property Tax Act) withholding when:
- In New York, a 'chain of title' problem that can be discovered through a thorough title search includes which of the following?
- In New York, the 'REBNY Financial Statement' required by many NYC cooperative boards asks prospective buyers to disclose:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →