Escrow & Title
Vermont's 'Schedule B-II' exceptions in a title commitment list:
AAll prior owners going back 50 years
BMatters that will be excluded from coverage in the final title policy✓ Correct
CRequired payoffs before closing
DThe policy premium schedule
Explanation
Schedule B-II lists the specific exceptions to coverage — matters such as survey issues, easements, and other encumbrances that the title policy will not insure against. Buyers should carefully review these exceptions.
Related Vermont Escrow & Title Questions
- A Vermont buyer obtains an 'owner's title insurance policy.' This policy primarily protects against:
- Vermont's discharge of mortgage (release) must be recorded in the land records to:
- A Vermont warranty deed provides the buyer with which covenants?
- A Vermont quitclaim deed conveys:
- Vermont's 'mechanic's lien priority' in a title dispute means that:
- Vermont's Property Transfer Tax is paid by:
- Vermont's 'settlement agent' in a real estate closing is responsible for:
- Vermont's 'race-notice' recording statute means priority in title goes to the party who:
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