Page 15 - Cara's Buyer Guide
P. 15
Preliminary Title Report
Preliminary Report contains three important elements:
1) Dated formal report;
2) The specific description of the title on a particular parcel of land;
3) The conditions under which title company is willing to insure the property by the later issuance of a policy of title insurance.
The Preliminary Report consists of the following:
1) Cover page Exclusions from coverage
2) Preprinted exceptions
3) Exclusions from coverage
4) Typewritten exceptions – property specific
