What is the Preliminary Report On Application For Title Insurance
The Preliminary Report On Application For Title Insurance states that the insurance company carries the title and there is no liability which is assumed by this which is considered as the preliminary report.
As per this, the insurance company states that the property is vested with a certain individual or is it with an individual and his or her spouse and the details are mentioned in it.
This Preliminary Report On Application For Title Insurance states that the taxes of the year are filed and the receipt no are mentioned. It also mentions details of the public’s rights to use the roadways as well as other easements and it states the various covenants, restrictions and conditions which are contained as well as recorded. These also mention terms and conditions including the cost of building restrictions, the restrictions on the building line, industrial use as well as commercial use restrictions.
These Preliminary Report On Application For Title Insurance are also subject to various factors such as the deed of trust, the pending actions, the homestead declaration and the tax lien notice.
The tax lien notice also contains details like the section of the internal revenue code, the number, the amount as well as the interest which is for a period. It also mentions the details including when it was filed and the details of the office of the recorder and the details of the file and the date the tax list was received.
All this is part of the document which forms the preliminary report.