All of the following situations would typically result in a title insurance claim being paid in Florida EXCEPT:
Correct Answer
C) A new zoning ordinance reduces the property's development potential
Correct: New zoning ordinances are governmental actions that occur after the policy date and are excluded from title insurance coverage. Why not A: Unknown mortgage liens existing at policy date are covered defects. Why not B: Incorrect legal descriptions in deeds are covered title defects. Why not D: Undisclosed co-owners with valid claims represent covered title defects.
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More Titles Deeds Recording Questions
In a Tampa transaction, a buyer wants the Florida rule on chain of title. Which statement is correct?
In Florida's recording system, what does 'constructive notice' mean?
In a Tampa transaction, a buyer wants the Florida rule on general warranty. Which statement is correct?
Which answer most accurately states the Florida rule for general warranty?
Sarah is selling her Miami Beach condominium to Robert. At closing, she signs a deed that contains warranties that she owns the property and has the right to convey it, but provides no warranties against defects that existed before she acquired the property. What type of deed did Sarah most likely execute?
- → All of the following are essential elements of a valid deed in Florida EXCEPT:
- → John and Mary own property in Jacksonville as tenants by the entirety. John wants to secretly transfer his interest to his business partner without Mary's knowledge or consent. He executes a quitclaim deed to his partner. What is the effect of this deed?
- → What is the main difference between a general warranty deed and a special warranty deed in Florida?
- → Under Florida law, what does 'constructive notice' mean in the context of recorded deeds?
- → In Florida, what is the primary purpose of the documentary stamp tax on deeds?
- → Which deed is most commonly used in Florida residential transactions?
- → Which answer most accurately states the Florida rule for chain of title?
- → In Florida, all of the following situations would typically be excluded from standard title insurance coverage EXCEPT:
- → Non-single-family real property in Miami-Dade County is conveyed for $220,000. What total deed documentary stamp tax and surtax are due?
- → Adverse possession in Florida requires possession for:
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Previous Question
A St. Petersburg couple refinances their home and obtains a new lender's title insurance policy. Three months later, they discover an unrecorded federal tax lien that predates their original purchase 5 years ago. Which policy would potentially cover this issue?
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A Key West buyer purchases a historic property and later discovers that a preservation easement was recorded but not disclosed in the title commitment. The easement severely restricts renovation plans. What is the buyer's best course of action regarding their title insurance?