What Are Plotted Easements? One purpose of a preliminary title report and an eventual title policy is to document the recorded encumbrances on a particular property. The title company will provide title insurance, essentially ensuring that a buyer will have …
What Are Underlying Documents? A preliminary title report (PTR) will list some very key information, including the legal description of the property and ownership vesting. Another key element within this PTR is the list of title exceptions, which are items …
What Are Monetary Liens? When reviewing a title report, a key aspect is reviewing the exceptions listed on the report – essentially those items that the title company will not insure against. These exceptions can represent potential roadblocks to development …