Escrow & Title
When a West Virginia property is subject to a federal estate tax lien, the lien must be:
APaid within 30 days of the owner's death or the property is forfeited
BResolved before clear title can be conveyed to a buyer✓ Correct
CDisclosed to the buyer only if the amount exceeds $100,000
DFiled in the county courthouse by the heirs within 6 months
Explanation
A federal estate tax lien attaches to all property in a decedent's estate and must be released or discharged before clear title can be conveyed. Buyers and title companies require resolution of estate tax liens at or before closing.
Related West Virginia Escrow & Title Questions
- In West Virginia, which county official records deeds, mortgages, and other real property documents?
- Which type of deed does a trustee use in a West Virginia non-judicial foreclosure sale to convey property to the purchaser?
- A buyer in Morgantown, WV closes on a property but the seller's contractor has an unpaid materialman's lien filed after the deed was recorded. The buyer's title insurance policy will:
- In West Virginia, when are property taxes prorated in favor of the buyer?
- A general warranty deed in West Virginia provides the grantee with:
- Title insurance in West Virginia protects against:
- A West Virginia title search revealed a gap in the chain of title covering a period of 10 years. This is called:
- In West Virginia, a vendor's lien arises when:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →