Attorney’S Preliminary Report Of Title

Total Page:16

File Type:pdf, Size:1020Kb

Attorney’S Preliminary Report Of Title

ATTORNEY’S PRELIMINARY REPORT OF TITLE TO STEWART TiTLE GUARANTY COMPANY 651 HOLIDAY DRIVE - FOSTER PLAZA 5 - 4TH FLOOR PITTSBURGH, PA. I 5220 Phone: 412.920-2600 Fax: 412-920-6399

Marketable Fee Simple Title is vested in:

Property to be sold to: for $ and/or mortgaged to: as security for a PERMANENT CONSTRUCTION Loan of $

SCHEDULE A Described property the title to which is to be insured and show source of title of present owner. If necessary attach rider. Attach Survey if necessary.

SCHEDULE B 1. TAXES AND SPECIAL ASSESSMENTS: a. County, Local and School paid thru year: 20 b. Taxes now due and unpaid: County 20 , Local 20 , School 20 c. Taxes a lien but not yet due and payable: d. Special levies or assessments now due: e. Special levies or assessments payable in future installments: f. State or Federal, Income, Estate and Inheritance Tax Liens: 2. MORTGAGES, DEEDS OF TRUST, AND VENDOR’S LIENS (Show all and give complete data. Attach Rider if necessary. Omit mortgage to be insured.)

3. RESTRICTIVE COVENANTS AND CONDITIONS: Are there any? lf so, attach verbatim copy. a. Filed on record on , 20 , Book , Page . Are they violated?

b. 1. Do restrictions contain reversionary or forfeiture clause? 2. If so, has such clause been released or subordinated in favor of mortgage? (Attach copy) 4. DOES RECORDED PLAT OF SUBDIVISION SHOW BUILDING SETBACK LINE: If so, give details: 5. ARE THERE OTHER LIENS, OBJECTIONS AND DEFECTS? (Answer “yes” or “no” and, if any, check and describe below.) a. Judgment or Decrees, State or Federal b. Mechanics’ and Materialmen’s Liens of Record c. Decedent’s Debts or Unadministered Estates d. Bankruptcy Proceedings; Suits Pending e. Financing Statements on Fixtures Filed in Name of an Owner of the Premises or otherwise known. f. Easements, Party Wall Agreements, Encroachments g. Oil and Mineral Rights and Other Matters

6. Corporate Resolutions: If grantor is a corporation, be sure the proper corporate authority exists for execution of instrument and furnish certified copy of corporate resolutions. 7. Do the records show the premises as having a means of access? Yes No 8. If party wall rights or other casements in or over adjoining premises are being conveyed or mortgaged, have you examined the title to such adjoining premises and do you certify that unencumbered title to such rights or easements is vested in the vendor or mortgagor? a. Property is occupied by Owner Other Party Describe source of possessary at 5 above.

b. Date last improvements or repairs completed Lien Period has has NOT expired. C. Is Insurance as to matters of survey required? (if so, attach current plat of survey.) d. The Loan is FHA: VA: OTHER: e. Is this a construction Loan? Yes No

Page 1 of 2 - Attorney’s Preliminary Report of Title ATTORNEY’S CERTIFICATION Based on a personal examination of all public records affecting the title to the real estate described in Schedule A hereof, or of an abstract purporting to reflect the contents of all such records affecting the title to said real estate prepared by the abstracter(s) listed below and approved by Stewart Title Guaranty Company with sources of title information cover a period of not less than sixty (60) years last past, the approved attorney certifies to Stewart Title Guaranty Company that in his opinion the Report on Title on the prior pages thereof correctly reflects the status of the title to said real estate. Certification is hereby made that so far as is known there is no dispute among attorneys of the local bar as to the validity of the title to the real estate covered by this report, and that the title is in no way dependent upon the sale of the property for delinquent taxes or assessments.

The undersigned certifies as set forth on the Prior pages hereof that the foregoing information is correct. Title is certified as of ______, 20____, at ______M.

Address: Approved Attorneys

By: Member of Firm

Page 2 of 2 - Attorney’s Preliminary Report of Title

Recommended publications