Where on the title commitment would you find the title defects?

Where on the title commitment would you find the title defects?

• A. Schedule A
• B. Schedule B-1
• C. Schedule B-2
• D. Schedule C

Answer: (B)

Title defects are shown as the items that will not be insured against in a title commitment. This information is found in Schedule B-1, which lists the exceptions to coverage—recorded defects, encumbrances, easements, liens, and other clouds on the title. Reviewing Schedule B-1 tells you exactly what must be cured or accepted as part of the deal to obtain a clean title. The other sections serve different purposes: Schedule A states the basic insured party and property, Schedule C outlines the requirements to issue the policy, and Schedule B-2 covers other potential matters related to coverage.

Title defects are shown as the items that will not be insured against in a title commitment. This information is found in Schedule B-1, which lists the exceptions to coverage—recorded defects, encumbrances, easements, liens, and other clouds on the title. Reviewing Schedule B-1 tells you exactly what must be cured or accepted as part of the deal to obtain a clean title. The other sections serve different purposes: Schedule A states the basic insured party and property, Schedule C outlines the requirements to issue the policy, and Schedule B-2 covers other potential matters related to coverage.