WHAT ARE SCHEDULES A, B, C and D ON A TITLE COMMITMENT

By
Real Estate Broker/Owner with Texas Five Star Realty, Plano Texas

WHAT ARE THE SCHEDULES A, B, C and D ON A TITLE COMMITMENT?

Title Insurance Policy

This is the part#4 of a series of documents regarding Title Insurance.

Schedule A

·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.

Schedule B

·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 po
licy.

Schedule C

·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.

Schedule D

·Discloses the ownership, controand senior management of the Title Insurance Company and the issuing Title Insurance Agent.

·Discloses the estimated amount of title premium 
to be col
lected and the names of all parties 
receiving a distribution of any portion of the premium.

 

Contact Bahman Davani about your Real Estate Questions

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Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055

Homes for Sale in Plano, Frisco, Prosper, Allen TX
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