P3-122 Quiz

Any legal right to a property claimed by someone other than the owner, such as unpaid taxes or an unknown heir, is called a:

An item listed in a title policy that the company does not insure against is called a:

A contract under which an insurer agrees to pay for loss caused by defects in the title to real estate is called:

The examination of public records, laws, and court decisions to determine the history and status of title to real estate is called a:

A residential unit on a small lot that shares at least one exterior wall with similar units is a:

Equity that results when a buyer gives an existing property or other asset as part of the down payment is called:

The amounts paid to a city or county for changing public records when property ownership changes hands are called:

Any method by which ownership of a property changes hands is called:

State and local charges imposed on the price of property when it is transferred are called:

An index used to determine interest rate changes for certain ARMs, based on U.S. Treasury auctions, is the:

A structure providing dwelling units for two to four families under a single deed is a:

An ARM with one rate for the first five or seven years and a different rate thereafter is a:

A person who holds legal title to property as a favor to the owner or as security for a debt is a: