Wednesday, March 21, 2012

query: what does it mean to show a jr lien as an exception on a Title Policy

Normally a junior lien or subordinate lien would be shown on the ALTA loan policy in a special section dedicated to subordinate liens, however, if you need to show it as an exception, just add it to exceptions in Schedule B.

The title insurance underwriter should be able to assist you in the proper creation of the policy.

No comments: