Title Resolution 101

A notice of claim is sent to a title insurer to give the insurer the first opportunity to cure a title issue pursuant to the requirements of a title insurance policy?

A. True

B. False

Duplicative or unnecessary Assignments of Mortgage are addressed as follows:

A. Do nothing

B. File an action in mandamus against the county Recorder of Deeds to have one or more recorded instruments stricken

C. Obtain and record an Instrument of Cancellation

D. Proceed with a Motion or Petion to strike one or more instruments

If there is a missing, lost, or destroyed Assignment, which of the following should be searced in the due diligence phase (more than one answer may apply):

A. Records of the Federal Reserve System

B. Records of the United States Office of Comptroller of the Currency

C. imdb.com

D. Websites of the financial institutions in the chain of assignments

An upset tax sale divests all liens encumbering the subject projerty?

A. True

B. False

Who can provide a satisfaction of lien if there is a Pennsylvania Department of Revenue lien on title and there is no insurance coverage for a ltter of indeminty?

A. Terra Abstract, Inc.

B. M. Troy Freedman

C. Your lead

D. William Hatcher

Title Resolution 101

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