Escrow & Title
A preliminary title report (title commitment) in a Utah transaction:
AGuarantees the property is free of all encumbrances
BIdentifies existing liens, encumbrances, and conditions affecting title before the policy is issued✓ Correct
CIs the final title insurance policy
DOnly shows recorded documents from the past 5 years
Explanation
A preliminary title report (or title commitment) is the title company's commitment to issue title insurance after closing, subject to satisfying listed requirements. It identifies all recorded liens, easements, CC&Rs, and other matters affecting title.
Related Utah Escrow & Title Questions
- Proration at closing is used to:
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- In Utah, the seller customarily pays for the owner's title insurance policy because:
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