Real Estate ABA Title

REAL ESTATE ABA TITLE OPINION

Opinion Number:   Client Name:

Request Date:   Effective Date of Search:

Property Identification

Parties and Vesting

Seller(s):

Buyer(s) / Requesting Party:

Individual    Joint Tenants    Tenants in Common    Trust / Trustee    Corporation / LLC

Transaction Summary

Closing Date:   Possession Date:

Title Examination and Records Reviewed

Pursuant to the standards set forth in the ABA Title Opinions, this office has examined those public records and instruments deemed necessary for a current opinion of title including, but not limited to, the following documents:

Deeds and conveyances of record    Mortgages and security instruments    Judgments and liens    Real property tax records and assessments    Plats and recorded surveys    Covenants, conditions and restrictions

Exceptions, Encumbrances and Matters Affecting Title

The opinion expressly identifies, and the title to be insured shall be subject to, the following typical categories of exceptions unless affirmatively cleared by closing:

Recorded easements and rights-of-way    Recorded covenants, conditions and restrictions    Potential mechanics' liens and labor claims    Judgment liens and recorded lawsuits

Requirements for Insurability / Conditions to Closing

Typical requirements include, without limitation: payment and release of recorded liens; payoff documentation for existing encumbrances; executed and recordable deed vesting title as requested; affidavits regarding parties in possession and absence of liens; municipal certificates required for recordation; and any instrument required by the insurer to delete or modify existing exceptions.

Taxes, Assessments and Community Matters

Is the property subject to homeowners association obligations, assessments or dues?    Yes    No

Survey, Physical and Environmental Matters

Survey provided?    Yes    No

Lead-based paint disclosure?    Yes    No      Mold / material defect disclosure?    Yes    No      Prior material damage or repairs?    Yes    No

Title Opinion and Certification

Based upon our examination of the public records and other matters as set forth above and as of the effective date, we hereby opine that, subject to the exceptions and requirements set forth in this opinion and any endorsements, good and marketable title to the property is vested in the person or entity intended to take title at closing provided that the requirements for insurability have been satisfied at or prior to closing.

This opinion is rendered solely to the named Client for the transaction described and may not be relied upon by any other party without our prior written consent. The opinion is limited to matters of record and does not purport to determine or discover unrecorded rights, matters arising after the effective date, or matters disclosed by physical inspection unless specifically stated herein.

Governing Law and Miscellaneous

This opinion shall be governed by the laws of the state in which the property is located. This instrument constitutes the entire title opinion between the parties with respect to the matters addressed herein and supersedes any prior oral or written communications on the same subject.

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