Escrow & Title
A West Virginia buyer receives a title insurance commitment before closing. This commitment states:
AThe final insured value of the property
BThe conditions under which the title company will issue a policy after closing✓ Correct
CThat title is guaranteed to be clear of all defects
DThe property's appraised market value
Explanation
A title commitment (also called a title binder or preliminary report) is issued before closing and states the conditions that must be satisfied before the title company will issue a final title insurance policy, listing exceptions to coverage.
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