This schedule is the title companys requirements. It is what they are requiring to be done in order to provide us with the type of insurance policy we are asking for. The lender will expect all of these requirements to be satisfied and that none of them show up on your final title policy.

1. Taxes must be paid. (Due within 30 days)
2. Mortgages must be paid off and released. (See definitions for discharge, partial release, re-conveyance, release and satisfaction)
3. Instruments must be properly executed, delivered and duly filed.

The five most common title company verbiage are:

1. Defects, liens, encumbrances, adverse claims or other matters, if any created, first appearing in the public records or attaching subsequent to the effective date hereof.
2. Rights or claims of parties in possession not shown by the public records.
3. Easements or claims of easements not shown by the public records.
4. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey or inspection of the premises.
5. Any lien or right to a lien, for services, labor, or material hereto or here after furnished, imposed by law and not shown by the public records.