Escrow & Title
A Wisconsin buyer purchases an owner's title insurance policy at closing. This policy protects the buyer from:
AFuture property taxes
BPhysical damage to the property after closing
CTitle defects that existed prior to the closing date✓ Correct
DZoning violations that occur after closing
Explanation
An owner's title insurance policy protects the buyer against financial loss from title defects, encumbrances, or claims that existed prior to the policy's effective date but were not discovered during the title search.
Related Wisconsin Escrow & Title Questions
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- A Wisconsin title insurer who pays a claim under an owner's policy and resolves the defect then acquires the right to pursue any liable third party through:
- The Wisconsin Register of Deeds records real estate documents primarily to:
- In a Wisconsin 1031 exchange (like-kind exchange), the use of a 'qualified intermediary' (QI) is required to:
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