Escrow & Title
When a North Dakota title search reveals an old unsatisfied mortgage from a previous owner, this is called a(n):
ALis pendens
BCloud on title✓ Correct
CAbstract deficiency
DEasement encroachment
Explanation
A cloud on title is any claim, lien, encumbrance, or defect that could impair or cast doubt on the owner's clear title. An old unsatisfied mortgage from a prior owner creates a cloud that must be resolved before closing.
Related North Dakota Escrow & Title Questions
- In North Dakota, the county register of deeds maintains records of all recorded documents affecting real property. This system provides:
- In North Dakota, which of the following is considered an 'involuntary lien' on real property?
- RESPA (Real Estate Settlement Procedures Act) prohibits:
- In North Dakota, which document is used to transfer title from a deceased person's estate to a buyer?
- When a North Dakota property is transferred through a trust, the trustee signs the deed. The deed would be a:
- A special warranty deed provides that the grantor:
- In North Dakota, escrow is best described as:
- Title insurance protects against:
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