Response to a law suit over a real estate transaction
100
Who selects the Title Insurance Company
The MA or the borrower
100
How would joint owners be listed on title?
John Doe and Jane Doe, as joint tenants
100
Does Stonegate allow title to be held in the name of a trust?
Not currently
100
If a joint tenant dies, can the deceased, pass his ownership by will to someone else
No, the surviving owner(s) own the property.
200
What does title insurance protect against?
Any undiscovered claims that threaten ownership of your property
200
Name the 3 searches done by the Title Company?
Property, Name and Tax searches
200
How would a sole ownership be listed on a title?
John Doe a single man
John Doe an unmarried man
Jane Doe, a married woman as her sole & separate property
200
What does ISAOA/ATIMA stand for?
its Successors And/Or Assigns As Their Interests May Appear
200
What happens if one of the tenants in common dies?
The deceased tenant in common's interest in the property passes by will or to the heirs. There is no right of survivorship.
300
What is the difference between homeowner/car insurance and Title insurance?
Title insurance protects you from past claims. Homeowner or car insurance protects you from future claims.
300
Who does the title company send the preliminary report to?
The Loan Processor
300
How would tenants in common be listed on a title?
John Doe and Jane Doe, Tenants in Common
John Doe, a single man as to undivided 3/4 interest and George Smith, a single man ast to 1/4 interest, as tenants in common.
300
Which teams are going to the Superbowl?
Denver Broncos vs Seattle Seahawks
300
In a community property ownership (with no right of survivorship), who owns the property if a spouse dies?
1/2 goes to surviving spouse, the decedent's 1/2 goes by will to named descendant or to the surviving spouse.
400
Which American Idol star made more money 2013 - Carrie Underwood or Kelly Clarkson?
Carrie Underwood made 31 million in 2013
400
What is the name of the bridge that was closed in the New Jersey "Bridgegate"
The George Washington Bridge
400
How much did Tiger Woods divorce cost him?
About 100 Million
400
Who orders the title?
The setup department orders the title.
400
If the President and Vice President both die, who becomes the President of the United States?
The current line of succession would go to the Speaker of the House
500
How should Stonegate's name appear as mortgagee on the title?
Stonegate Mortgage Corporation ISAOA/ATIMA
9190 Priority Way West Drive Suite 300
Indianapolis, IN 46240
500
Who loads the title into DocVelocity?
The loan processor
500
How would a community property ownership be listed?
John Doe and Jane Doe, husband and wife, as community property.
John Doe and Jane Doe, husband and wife, as community property with right of survivorship
500
What did Brian Herian name his new baby
Oliver
500
If a title is held as Community Property with Right of Survivorship, who owns the property if a spouse dies?
The decedent's interest passes to the surviving spouse, without going through probate.