Escrow & Title
A title search in South Carolina reveals a 'cloud on title.' This means:
AThe property is in a flood zone
BThere is a defect or encumbrance that may affect ownership✓ Correct
CThe property has unpaid property taxes
DThe title is insured by a national title company
Explanation
A cloud on title refers to any claim, lien, encumbrance, or defect that may impair or challenge clear title to a property, potentially preventing a sale or refinancing.
Related South Carolina Escrow & Title Questions
- In South Carolina, what is a 'mortgagee's title insurance policy'?
- In South Carolina, deed stamps (recording fee) are paid at the rate of $1.85 per $500 of consideration. On a $300,000 home sale, how much are the total deed stamps?
- A South Carolina property has a $5,000 assessment for a new sewer line. This assessment is:
- In South Carolina, the Closing Disclosure must be provided to the borrower at least how many business days before closing?
- In South Carolina, the deed transfer tax (deed recording fee) is charged at what rate?
- In South Carolina, a 'notice to seller's lien holders' before closing is required to:
- In South Carolina, a 'vendor's lien' in real estate arises when:
- Who traditionally pays the deed recording fee (transfer tax) in South Carolina?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →