Page 19 - ABN Seller's Guide

0 0 Seller s Guide Step Continued

TITLE CO IT E T

T T C . I

I . T T C
.
T T C :

O V
The name(s) on the Title Commitment should be the same as those for the seller on the signed purchase contract.
Onl the true o ner of record can sell the subject propert that is in the contract for sale.

E
Bonds, Deeds of Trust, propert ta es, Conditions Co enants and Restrictions (CC&Rs), all recorded documents,

and easements of record are carefull re ie ed. E perienced escro officers and title companies go out of their
a to resol e problems quickl and accuratel .

I N
This is the area of the report in hich important facts about the propert are disco ered. In some cases, these
notes contain information that could affect the title of the subject propert .

E T C
Also referred to as a Prelim or Preliminar Title Commitment.

S A
The Schedule A of our title commitment contains general information about the transaction such as the propert s
legal description, sales price, loan amount, lender, and the names and marital status of both the seller and bu er.

S B
The Schedule B contains e ceptions that are associated ith the propert such as easements, homeo ner s
association b -la s, co enants, conditions and restrictions (CC&R s), recorded easements, leases, and arious
other items of records that transfer along ith the subject propert .

The are called e ceptions because clear title ill be gi en and the bu er s rights are subject to these items.

R
Requirements are items that must be remo e and/or record ith the count in order to pro ide a clear title to the
seller. Requirements ma include propert ta , ta liens, judgments, assessments, homeo ners association dues,
or a ariet of other items that ma be associated ith the propert or propert o ners.

If at an time ou require assistance or ha e questions regarding our title commitment, please contact our
escro officer.