Difference between revisions of "AR Underwriting Summary"
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| + | The commitment and final policy must be issued by a Licensed Title Insurance Agency and signed by a Licensed Title Insurance Agent. There is no requirement for attorney involvement in keeping with Act 684 of 2007 and its associated rules. | ||
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==Vesting== | ==Vesting== | ||
Revision as of 11:26, 12 December 2014
Contents
Search/Exam
- Minimum Search Requirements No statute
- Plant or other search restrictions No but abstractors are licensed
- Additional Requirements for REO Searches N/A
- Foreclosure Checklist N/a
- Special Searches Required (Code, HOA, Utilities)? None
- Survey Requirements
- Purchase – No for platted residential
- Refinance – No
UPL
The commitment and final policy must be issued by a Licensed Title Insurance Agency and signed by a Licensed Title Insurance Agent. There is no requirement for attorney involvement in keeping with Act 684 of 2007 and its associated rules.
Vesting
Property Tax
Mortgage/Transfer Tax
Spousal Joinder Requirements/Homestead
Power Of Attorney
Construction Liens
Foreclosure Review
Instrument Requirements
Who May Serve As Trustee On Deed Of Trust
Time Limitations
- US Judgment Liens 20 years
- State Court Judgment Liens 10 years
- Federal Tax Liens 10 years (+ 30 days)
- State Tax Liens 10 years
- Estate Tax Lien 10 years
- State Inheritance Tax Liens 20 years
- Mechanics Liens 120 days
- Financing Statements 5 years
- Mortgages
- HOA Liens
- Condominium assessments
- Child Support Liens
