Escrow & Title
An owner's title insurance policy in West Virginia protects:
AThe lender against title defects
BThe buyer against undiscovered title defects that existed before closing✓ Correct
CThe seller against buyer default
DThe escrow agent against errors in closing calculations
Explanation
An owner's title insurance policy protects the buyer (owner) against financial loss from title defects, liens, or encumbrances that existed before the closing date but were not discovered during the title search.
Related West Virginia Escrow & Title Questions
- In West Virginia, the term 'abstract of title' refers to:
- An abstract of title in West Virginia is best described as:
- A deed recorded in the wrong county in West Virginia provides:
- A general warranty deed in West Virginia provides the grantee with:
- An owner's affidavit provided at a West Virginia closing is used to:
- An IRS tax lien filed against a West Virginia property owner affects:
- West Virginia is an attorney closing state, which means:
- In West Virginia, an escrow agent holding a buyer's earnest money deposit has a duty to:
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