Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home? Why?

Q: What source of foreclosure leads comes with a built-in sense of trust and credibility with the…

A: SOLUTION-   FORECLOSURE  IS THE ACT OF A LENDER , ESPECIALLY A MORTGAGE LENDER , TAKING THE…

Q: n the context of home insurance coverage, it is correct to say that: * If damage from a fire or…

A: Home insurance can be defined as that insurance which enables an insurer to get the loss covered in…

Q: What is the difference between a testamentary trust and an inter vivos trust. A testamentary trust…

A: Testamentary trust: A testamentary trust is a trust that is made in the lifetime of the grantor but…

Q: Define and provide an example for each of the following: Real property Personal property Tangible…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Evaluate the benefits and costs of homeownership

A: Home ownership is also known as owner-occupancy. It means to possess another persons house, flat…

Q: Statement I: An estate represents the assets of a deceased person after all liabilities and taxes…

A: An estate is the total worth the person owned in the form of asset after deducting all the taxes and…

Q: He or she should have geographical proximity to the major assets of the estate. He or she should not…

A: Personal representative are needed when there is no will left to settle the property and assets.…

Q: Which of the following are characteristics of the probate process? It provides for distribution of…

A: Probate is a legal procedure to ensure that any person's assets should be distributed as per his…

Q: For the following definitions, indicate the type of trust being described by selecting the correct…

A: Blind Trust Life Insurance Trust Living (revocable) Trust Trust for minors

Q: Losses due to destruction of personal property are covered by (choose the best answer) Personal…

A: Personal insurance : It is the insurance against risk or person's life , health etc. Life insurance…

Q: Answer each of the following questions: What are the objectives of probate laws? What tasks does…

A: Probate laws:   After the death of decedent, in order to seek the problems of how his property…

Q: Homeowners policies have limits for items such as rare coins and jewelry. Which of the following…

A: If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…

Q: What are the key principles underlying both conventional and Islamic home financing techniques? Who…

A: Conventional home finance - Bank lending i.e. a bank provides a pure interest based loan. in…

Q: Which of the following is not a true statement?a. Testate refers to a person having a valid will.b.…

A: Testate means a person who has died and has a valid will to be executed   Whereas, Intestate means a…

Q: Which of the following are nontax characteristics of a qualified terminable interest property (QTIP)…

A: A Qualified Terminable Interest Property Trust enables the grantor to provide for his surviving…

Q: What type of property insurance would cover injury to a repairperson on your property?  A.…

A: Given, A. Meaning of additional living expenses coverage,  It is a important part of the maximum…

Q: What FACTORS affect the cost of homeowners insurance? - age of dwelling - insured or spouses highest…

A: Insurance is the protection that is provided to an individual or corporation from financial damage…

Q: Which of the following correctly describe a role played by a member of the estate planning team?…

A: Solution:- Estate planning means all the procedure to sell assets of a person in event of his death.

Q: Under what circumstances would you consider buying or renting a house?

A: Although both renting and buying have financial benefits, homeownership is not for everyone. Unlike…

Q: Please address legislation passed that increased protection for homeowners from foreclosure or at…

A: Foreclosure is a legal process where a lender or a creditor or mortgage holder can recover or sell…

Q: Which of the following is not a goal of probate laws? Choose the correct.a. To gather and preserve…

A: Probate Law: Probate refers to the general administering of a deceased person's will or the estate…

Q: Which of the following financial tools is especially important for parents? A. A will b. Life…

A: Following financial tools are important for parents-

Q: A land development company that wants to protect itself against bodily injury liability claims…

A: An insurance is referred to as the contract, which used to represent through the policy, where an…

Q: What is the purpose of the laws of distribution? To guide the distribution of personal property…

A: When there does not exist any valid will then the state law takes the control of the administration…

Q: How can a person apply the principles of valuation to their personal life?

A: The principles of valuation can be applied in a systematic and tangible manner in the personal life…

Q: All of the following are true of the HO-3 Special Form, EXCEPT:     The HO-3 meets the property and…

A: The most prevalent type of homeowners insurance coverage offered today is a HO-3 policy, which…

Q: Identify issues pertaining to any financial regulations  that cause persons to loose  their home?

A: In case of a default unlimited liability might cause a shareholder to loose their home.

Q: what factors influence home affor whether the purchase of a home i For each, provides details as to…

A: Housing affordability is influenced by more than one factor. For buyers and sellers, understanding…

Q: The cost of a title search and title insurance are typically part of the closing costs on a housing…

A: close costing: it is the expense beyond the cost of property when you close on house.

Q: Prove your assertion on the necessity of knowing the differences between various forms of property…

A: istihlaki property with isti‘mali property (Usable) isti'mali: Property that stay once it's used.…

Q: Which of the following is Which of the following is not a true statement? Testate refers to a…

A: Testate means a person who has died and has a valid will to be executed Whereas, Intestate means a…

Q: Which of the following statements are correct regarding the characteristics of a guardianship of the…

A: 1. The guardian is appointed by a court. 3. The guardians authority may be plenary or limited. are…

Q: Which of the following is not a goal of probate laws? To gather and preserve all of the decedent’s…

A: Probate laws allow for a structured way to process and distribute an decedent's estate. The…

Q: What is the purpose of the laws of distribution? Choose the correct.a. To guide the distribution of…

A: Will helps to distribute the estate of descendant to their family members. When there is no will,…

Q: It would be the owner's responsibility in the management agreement to: Require the manager to keep…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: What are the main benefits and drawbacks of renting a place of residence

A: Renting a place of residence should be done when the ownership is in the hands of the owner of that…

Q: discussion on six assets included in a decedent’s gross estate. List and discuss three valuation…

A: Decedent’s gross estate is the gross value of all the assets owned by an Individual at the time of…

Q: Why are claims against an estate put into an order of priority? Choose the correct.a. To help the…

A:

Q: The general real estate practice term for the standard by which real estate commission disputes are…

A: Disclaimer:- “Since you have asked multiple question, we will solve the first question for you. If…

Q: Which of the following statements are correct regarding the characteristics of a conservatorship…

A: A conservatorship i.e guarduabship of the estate is appointed…