NJ Title Insurance chapter 21 public records, titles, and closings Final Exam

NJ Title Insurance chapter 21 public records, titles, and closings Final Exam abstract of title - CORRECT ANSWER-A condensed history of a title. actual notice - CORRECT ANSWER-information one actually knows affidavit - CORRECT ANSWER-sworn statement arrears - CORRECT ANSWER-after the end of period for which the payment is due attorneys opinion of title e - CORRECT ANSWER-lawyers statement after studying an abstract caveat emptor - CORRECT ANSWER-let the buyer beware chain of title - CORRECT ANSWER-title traced from each owner to the following one closing disclosure - CORRECT ANSWER-an account of wha the borrower paid and what the seller paid, or what was paid by others constructive notice - CORRECT ANSWER-information one could know by investigating credit - CORRECT ANSWER-money due and payable to one party at closing debit - CORRECT ANSWER-money to be paid by one party at closing escrow closing - CORRECT ANSWER-closing handled by a neutral third party evidence of title - CORRECT ANSWER-abstract, lawyer's opinion, Torrens certificate, or title insurance marketable title - CORRECT ANSWER-good or clear title reasonably free from defects proration - CORRECT ANSWER-corrective distribution of future expenses trid - CORRECT ANSWER-federal law ensuring that buyer and seller receive a detailed accounting of funds at closing realty transfer fee - CORRECT ANSWER-tax due the State of New Jersey at closing