Escrow & Title
In Tennessee, a 'certificate of title' is a legal opinion provided by an attorney regarding:
AThe property's physical condition
BThe marketability of title based on examination of the public record✓ Correct
CThe property's assessed value
DThe environmental condition of the property
Explanation
A certificate of title (attorney's title opinion) is an attorney's opinion about the marketability of title, based on examination of the public records. Unlike title insurance, it provides no monetary guarantee.
Related Tennessee Escrow & Title Questions
- Marketable title means title that is:
- A title insurance owner's policy protects:
- A closing statement's proration of property taxes assumes that taxes are paid:
- RESPA requires that buyers receive the Closing Disclosure:
- A preliminary title report (title commitment) is issued by a title company to:
- A 'notice of lis pendens' must be recorded in the county where:
- When a property in Tennessee is sold at a tax sale by the county for non-payment of property taxes, what right does the original owner typically have?
- Tenancy by the entirety in Tennessee is a form of joint ownership available only to:
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