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Video instructions and help with filling out and completing 2022 schedule b
Hello everyone i'm david lam sr with integrity title thanks for joining me today last week I sent you a video describing schedule a on the title commitment today I'll explain schedule b of the title commitment again here's what a title commitment it is title commitment is a written document which contains the terms under which tyler company is willing to entitle policy title policy provides protection against loss but defect is found in your title examples of a defect include errors liens claims of ownership fraud and valid documents there are various schedules and commitment for a title insurance policy written schedules outlined a promise of a title company they've been the title if all the conditions in commitment are met good way to remember the sections of travel commitment by the following a b c d scheduled via the title commitment think borders boundaries and buyer notification schedule be the topic limit contains a pre-printed listing standards exceptions of the title policy will not cover much of this language is boilerplate some buyers tend to skim over schedule b this is not good it could be a mistake in addition to many pre-printed terms schedule b will also list some matters Pacific to the transaction including with your covenant easements and right-of-way and mineral reservations any one of these items may seriously impair the usefulness of the property buyers should carefully review schedule b copies of any documents reference there on the schedule d and again please note these items will not be covered by the title policy you have any questions call me at seven one three for 29 5498 or email me at david at integrity title TX doc once again thank you for joining me today i hope this was useful information we look forward to working with you in the future.