Escrow & Title
An attorney's 'title opinion' in Tennessee is a professional opinion on the state of title that is:
AThe same as a title insurance policy
BThe attorney's professional opinion on the status and marketability of title based on examination of the abstract✓ Correct
CA guarantee of the title
DA document issued by TREC
Explanation
A title opinion is an attorney's professional assessment of the status of title based on their examination of the abstract of title or public records. It identifies any defects, liens, or encumbrances and expresses an opinion on marketability.
Related Tennessee Escrow & Title Questions
- A Tennessee seller who is unable to convey marketable title by the agreed closing date may be:
- In Tennessee, an abstract of title is:
- Tennessee does not impose a state transfer tax on real estate sales. Instead, the state charges a:
- A title search reveals a judgment lien against the seller from a prior lawsuit. At closing in Tennessee, this lien must typically be:
- Tenancy by the entirety in Tennessee is a form of joint ownership available only to:
- An 'encroachment' discovered during a survey means:
- A title insurance company that pays a claim for a covered title defect then steps into the insured's position to pursue recovery from the responsible party. This is called:
- In Tennessee, the 'race-notice' recording statute means that a subsequent purchaser for value is protected if they:
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