Deck 8: Title Examinations

Question 1

An alphabetical index by last name of all people who are sellers, borrowers, and mortgagors is known as a grantee index.

Answer 1

False

Question 2

A judgment once recorded is a lien that will last forever unless the judgment is paid.

Answer 2

False

Question 3

A federal tax lien that has been recorded is a lien against all the real property owned or subsequently acquired by the delinquent taxpayer.

Answer 3

True

Question 4

The most common recording statute is the race notice statute.

Question 5

A person who acquires title by inheritance is a bona fide purchaser for value.

Question 6

A judgment that has been recorded in the public records becomes a lien on all property of the judgment debtor owned at the time of recording as well as any future property acquired by the debtor.

Question 7

A bona fide purchaser status provides special protection not only to the bona fide purchaser but also to anyone purchasing from the bona fide purchaser.

Question 8

The proper recording in the public records of a real property mortgage will put subsequent purchasers on actual notice of the mortgage.

Question 9

The proper recording in the public records of a real property mortgage will put subsequent purchasers on constructive notice of the mortgage.

Question 10

A title examiner would search in the grantee index from the present to some designated point in time in the past.

Question 11

A sequence of subsequent owners to a particular parcel of property, beginning with the original owner and moving through all successive owners to the current owner, is known as a "chain of title."

Question 12

A break in the chain of title is considered a serious title defect.

Question 13

Constructive notice is not imparted to unrecorded instruments that are referred to in a recorded instrument.

Question 14

A sequence of subsequent owners to a particular parcel of property, beginning with the original owner and moving through all successive owners to the current owner, is known as a lis pendens.

Question 15

An alphabetical index by last name of all purchasers, holders of mortgage, and security deeds is known as a grantor index.

Question 16

An alphabetical index by last name of all people who are purchasers, holders of mortgage, and security deeds is known as a grantee index.

Question 17

A lis pendens gives notice of a pending lawsuit that affects title to the property.

Question 18

A break in the chain of title is not considered a title defect.

Question 19

Federal tax liens when recorded are liens against all the real property owned by the delinquent taxpayer at the time of the recording but is not a lien against future property acquired by the delinquent taxpayer.

Question 20

A grantee index enables an examiner to build a chain of title from the present to the past.

Question 21

" A" conveys property to "B" on March 1. "B" does not record the deed until March 3. "A" conveys on March 2 the same property to "C" who purchases the property on March 2 with no knowledge of the previous deed to "B." "C" does not record its deed until March 4.   "B" would be the owner of the property under which of the following recording statutes?

A) race
B) notice
C) race notice
D) (a) and (c)
E) all of the above

Question 22

A recorded notice that a lawsuit affecting title to the property is pending is known as:

A) judgment
B) civil docket
C) lis pendens
D) check down

Question 23

The Uniform Real Property Electronic Recording Act allows the following electronic documents to be recorded:

A) deeds
B) mortgages
C) wills
D) (a) and (b)
E) (a), (b), and (c)

Question 24

Which of the following persons would not be alphabetically listed in a grantee index?

A) seller of property
B) mortgagee
C) holder of an easement
D) purchaser of property

Question 25

A bona fide purchaser for value would take ownership subject to which of the following claims?

A) unrecorded mortgage
B) rights of party in possession of the property
C) unrecorded easement
D) civil suit for collection of a debt against the seller of the property

Question 26

A title examination is generally performed in the county where:

A) the owner of the property resides
B) the property is located
C) the purchaser of the property resides
D) the title examiner resides

Question 27

Which of the following persons would not be alphabetically listed in a grantor index?

A) mortgagor
B) seller of property
C) grantor of easement
D) purchaser

Question 28

Most states allow the recording of electronic documents, such as deeds and mortgages.

Question 29

" A" conveys property to "B" by deed dated March 1. "B" does not record the deed until March 4. "A" conveys the same property on March 2 to "C." "C" receives the deed on March 2 with full knowledge that a previous deed had been given to "B." "C" records its deed on March 3. Under what recording statute would "C" be declared the owner?

A) notice
B) race notice
C) race
D) would not be the owner under any of the above recording statutes

Question 30

A mortgagor's name would be found in the:

A) grantor index
B) general execution docket
C) grantee index
D) plat index

Question 31

A full title search generally requires that the real property records be searched for a minimum of:

A) 10 to 20 years
B) 50 to 60 years
C) 7 years
D) 100 years

Question 32

Which of the following would not be constructive notice?

A) unrecorded mortgage that is attached as an exhibit to the unrecorded sale contract
B) matter shown on a survey of the property
C) recorded easement
D) recorded federal tax lien
E) none of the above

Question 33

It would only be necessary to examine the Uniform Commercial Code financing statement index if:

A) civil suits were filed against the owner of the property
B) federal tax liens have been filed against the property
C) the transaction involves both real and personal property
D) there are judgments against the owner of the property

Question 34

Which of the following would be revealed by a title report?

A) name of current record title holder
B) status of taxes
C) list of all easements, covenants, and restrictions
D) none of the above
E) all of the above