title commitments

What Are Standard Exceptions In A Title Policy?

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What Are Standard Exceptions In A Title Policy? The first few Schedule B-II exceptions are called “standard exceptions”. Every title commitment has standard or regional exceptions. These are exclusions from coverage that are not unique to the property under contract; they are applied by the title company to all properties. What are standard exceptions in

What Are Permitted Exceptions?

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What Are Permitted Exceptions? A negotiated list of exclusions to a title insurance policy used in real estate transactions. In a purchase and sale agreement, the seller typically agrees to deliver and the purchaser agrees to accept clean title to real property subject to specific permitted exceptions. What is an exception in a title report?