David Saks: April 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 95

                                                               business

If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. Very false

Whenever there is a cloud on a title the usual way to clear the cloud on the title is to use a quitclaim deed which will convey any interest in a property that the grantor may have.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • April 10 2009 06:35PM
Real Estate Practice : Lesson 95
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If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy. Is this true or false Take your time… more
Real Estate Practice : Lesson 94
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When a conveyance is undertaken, in order for the conveyance to take place the deed must be valid and must be recorded before the conveyance may occur. Is this true or false … more
Real Estate Practice : Lesson 93
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When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market… more
Real Estate Practice : Lesson 92
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If te government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed. Is this true or false &… more
Real Estate Practice : Lesson 91
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When real estate is transferred from one party to another the process is commonly referred to as the avulsion of quitclaim. Is this statement true or false Please take your time… more
Real Estate Practice : Lesson 90
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An owner of a parcel of real estate allows a trespasser to continue trespassing on the land and takes no action against the trespasser throughout a statutory period. The trespasser can… more
Real Estate Practice : Lesson 89
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When we talk about a license a license is always considered to be an example of a restriction which is invariably combined with an encroachment. Is this true or false Take… more
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Most states have a law which says that a comparative market analysis, a CMA, must be performed for every listing taken by a brokerage, and that the CMA must be compared to and… more
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