An instrument, provided by the title company, indicating that no liens have been placed on the property since its original issuance of the title insurance policy, or since any prior date-down endorsement.
What is a date down in title?
Date Down - The date a title examination is to be brought down to from the date of the last examination. Generally the date of recording of instruments and documents in the Recorders Office.
What is a Bringdown endorsement?
An additional title search to make sure nothing adverse has been recorded in the real estate records since the time of the original search and the recording of the deed or mortgage.
What does the endorsement date on a passport mean?
Endorsed passports indicate that: (1) They are valid only for a specific period of time; (2) The bearer has a certain status; and/or. (3) There is some other relevant information about the bearer of the passport.
What is a bring down fee?
What is a bring-down fee? Answer: Sounds like the charge for running the title search forward from a preliminary review until a later date.
What is an ALTA 12 endorsement?
In the event of a loss, this endorsement permits the insured to take advantage of any increase in the value of a particular property. This endorsement is issued with a Loan Policy on commercial transactions. ALTA 12-06 and 12.1-06 are designed to be issued with a 2006 ALTA Loan Policy.
What is a modification endorsement?
A modification endorsement insures the lien as modified by the endorsement and brings the date of the policy forward to the date of the modification (the actual endorsement should be carefully reviewed to see if any additional title exceptions are being added as a result of the endorsement).
What is a full endorsement?
Special or Full Endorsement An endorsement “in full” or a special endorsement is one where the endorser puts his signature on the instrument as well as writes the name of a person to whom order the payment is to be made.
How many years is a passport valid from the issue date?
If you were age 16 or older when your passport was issued, your passport is valid for 10 years. If you were under 16 when your passport was issued, your passport is valid for 5 years. The Issue Date of your passport can be found on the data page of your passport book or on the front of your passport card.
What is Type P in US passport?
P-type passports are also known as ordinary/regular passports or personal passports. P-Type passport is the most common type of passport issued to US citizens as it can be used for personal purposes like vacation, study or business trips. An ordinary passport cannot be used for governmental or business purposes.
Are title fees negotiable?
Not every cost is negotiable. Any fee charged by the government (such as title transfer fees or recording fees) is set in stone. Likewise, any service from a third-party provider will be difficult to negotiate with your lender. Negotiating these fees may dramatically reduce the total cost of your loan.
What is a bring down?
A bring down is a provision requiring the representations and warranties that were made at signing to be made again on the closing date (or at another specified date). Representations and warranties that are only made as of a specified date are typically excluded from the bring down.