Escrow & Title
A North Carolina attorney issues a title opinion (certificate of title) to:
AGuarantee the physical condition of the property
BCertify the results of the title search and the condition of the title✓ Correct
CConfirm the property's appraised value
DVerify the buyer's creditworthiness
Explanation
A title opinion (certificate of title) is the attorney's professional opinion, based on the title search, about the condition of the title and any known defects or encumbrances.
Related North Carolina Escrow & Title Questions
- Recording a deed in North Carolina's Register of Deeds provides:
- Under NC's recording act, a bona fide purchaser for value (BFP) who takes without notice of a prior unrecorded claim and records first will:
- A 'title binder' in NC real estate provides:
- A 'simultaneous closing' in NC occurs when:
- In a NC purchase transaction, the buyer's lender typically requires 'lender's title insurance' to be paid by:
- In NC, which of the following would typically appear on the HUD-1 or Closing Disclosure as a credit to the buyer?
- In NC, 'constructive fraud' in a real estate transaction may occur when:
- A 'quiet title action' in NC is a lawsuit that seeks to:
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