Escrow & Title
A Wisconsin 'title plant' maintained by a title insurance company is:
AA physical office where closing documents are printed
BA duplicate record system of title information used to efficiently search titles✓ Correct
CThe same as the Register of Deeds
DRequired for all title insurance policies
Explanation
A title plant is a private, organized duplicate of recorded title information maintained by a title company for faster and more efficient title searching.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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