2. The recording of property ownership is a serious undertaking, and the storage and maintenance of ownership and title records is a function of government. Chapter 13 Title Records

3. Modern Real Estate Practice 17th Edition Learning Objectives ê Identify the various proofs of ownership ê Describe recording, notice and chain of title issues ê Explain the process and purpose of a title search ê Distinguish constructive and actual notice

4. Chapter 13 - Recording Title Necessity for Recording Constructive notice Constructive notice Actual notice Actual notice Recording acts Recording acts

5. Chapter 13 - Recording Title Establishing Title Title abstract Title abstract Chain of title Chain of title Cloud on title Cloud on title –Gap –Heirs property –Tax title –Adverse Possession Suit to Quiet Title Suit to Quiet Title

9. Marketable Title Marketable Title –Color of Title –Marketable Title Act Equitable Title Equitable Title

10. Chapter 13 - Recording Title Evidences of Title Attorneys opinion Attorneys opinion Title insurance Title insurance Torrens Torrens –Certificate of title

11. Chapter 13 - Recording Title Types of Title Policies Owner’s policy Owner’s policy Lender’s policy Lender’s policy Types of coverage Types of coverage

12. Chapter 13 - Recording Title Parts of a Title Policy Agreement to insure Agreement to insure Description of estate insured Description of estate insured Legal description Legal description Exceptions Exceptions Conditions Conditions Endorsements Endorsements