Question

A Title Report or Commitment contains the following information, necessary for the closing: (Select all that apply)

1) property address
2) zoning
3) encumbrances
4) fire insurance information
5) tax information
6) vested owners

Answer 1

A Title Report or Commitment contains crucial information necessary for the closing of a property, including the ``property address, zoning, encumbrances, tax information, and vested owners.``

The answer is option ⇒1,2,3,5 and 6

Step-by-step explanation:

A Title Report or Commitment contains several pieces of crucial information necessary for the closing of a property.

These include:

• Property address: This identifies the specific location of the property.

• Zoning: This refers to the regulations and restrictions related to the use and development of the property.
• Encumbrances: These are any claims or restrictions on the property, such as mortgages, liens, or easements.
• Tax information: This includes details about the property's tax status and any outstanding taxes.
• Vested owners: These are the individuals or entities that have legal ownership of the property.

Fire insurance information is not typically included in a Title Report or Commitment.

The answer is option ⇒1,2,3,5 and 6