Escrow & Title
In Oregon, which of the following is NOT typically an exception in a standard title insurance policy?
ARights of parties in possession
BSurvey exceptions
CA forged deed that predates the policy✓ Correct
DMineral rights reserved by prior owners
Explanation
Standard title insurance policies cover against unknown defects such as forged deeds in the chain of title — this is one of the key protections the policy provides. Parties in possession, unrecorded easements, and mineral reservations are commonly listed as exceptions in the policy.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Math Concepts
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