Marshall Title & Escrow

8318 West Gage Blvd. Suite C Kennewick, WA 99336 (509) 783-2101

Terms & Definitions Used in Reference to Title Insurance

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Standard Mortgages:

Insures lender (WITHOUT EXTENDED COVERAGE)

*Extended Mortgages:

(ALTA) Insures Lender with 3 standard and any specific requested endorsement ie. Address, Environmental, No violation of CCR's

*Standard Owners:

Insures Buyer

Extended Owners:

Insures buyer - survey is required (Usually for Commercial)

Prime:

Insures lender - Limited Liability (second mortgage up to 贄,000.00

Lot Book Guarantee:

Glorified listing package - information purposes only

Combination Guarantee:

Amount of Liens with name search

Trustees Sale Guarantee:

Foreclosure purposes

Litigation Guarantee:

Court action (Sheriff Sale) &rarr Ordered by Attorneys

Contract Forfeiture Guarantee:

Foreclosure on a Real Estate Contract

50 Year Chain Title:

Generally used by schools for grants

Sub-Division Guarantee:

Required by county for platting (PLAT CERTIFICATE)

Variance Report:

Shows ownership within a certain amount of feet - Radius 100,200,300 & 1 mile

Tax Foreclosure:

County foreclosing due to delinquent taxes

Property Information Certificate:

Used by Department of Transportation to acquire property to expand roads

Sale with Binder to Insure Re-Sale:

STANDARD - 110% EXTENDED - 140%

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