Escrow & Title
In Wyoming, a title commitment (preliminary title report) issued before closing serves to:
AGuarantee the property's fair market value
BIdentify existing liens, encumbrances, and conditions of title before the policy is issued✓ Correct
CReplace the need for a survey
DConfirm the buyer's loan approval
Explanation
A title commitment identifies the current state of title, including existing liens, easements, encumbrances, and conditions the title company requires to be met before issuing a title insurance policy.
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