WHAT ARE THE SCHEDULES A, B, C and D ON A TITLE COMMITMENT?
This is the part#4 of a series of documents regarding Title Insurance.
·Describes the amount of title insurance coverage to be issued in the policy.
·Describes how the title is vested on the effective date.
·Contains the legal description of the property to be insured.
·Describes the restrictions and other title exceptions found, including but not limited to
easements that affect the property and which will be listed as exceptions in the title policy.
·Describes the liens shown of record affecting the property that are being paid off or assumed in the proposed transaction.
·Describes any title curative matters that the title company will require to be handled prior to
closing and the issuance of a title policy.
·Discloses the ownership, control and senior management of the Title Insurance Company and the issuing Title Insurance Agent.
·Discloses the estimated amount of title premium
to be collected and the names of all parties
receiving a distribution of any portion of the premium.