Escrow & Title
A Wyoming buyer discovers after closing that there is an undisclosed easement across the back of the property used by a neighbor. The buyer's title insurance may cover this if:
AThe easement is a utility easement and not a neighbor's access easement
BThe easement was not listed as an exception in the policy's Schedule B✓ Correct
CThe buyer purchased an ALTA extended coverage policy
DThe easement was recorded before the policy date only
Explanation
Title insurance covers defects and encumbrances not listed as exceptions (Schedule B items) in the policy. If the easement was not disclosed in the title search and not listed as a Schedule B exception, the title insurance policy would likely cover the loss.
Related Wyoming Escrow & Title Questions
- In Wyoming, the buyer's right of rescission under TILA applies to:
- In Wyoming, which of the following best describes an 'insured closing letter' from a title company?
- In Wyoming, all of the following are typically title defects that would be discovered in a title search EXCEPT:
- In Wyoming, a tax deed is issued when:
- In Wyoming, a deed in lieu of foreclosure occurs when:
- In Wyoming, a title insurance binder (commitment) is typically valid for:
- In Wyoming, chain of title refers to:
- In Wyoming, a subordination agreement means:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →