Question and answer
The purpose of the abstract of title is to A. make sure that the street name of the property is correct. B. verify that the lender has sufficient funds for the loan. C. verify that the person selling the property is really the owner. D. begin the purchase process.
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Question
Asked 2/11/2013 12:42:49 PM
Updated 5/30/2016 1:38:52 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by emdjay23 [5/30/2016 1:38:49 PM]
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Original conversation
User: Many in the United States associate home ownership with A. their parents and grandparents. B. the "American Dream." C. buying a car. D. being out of debt.

User: The purpose of the abstract of title is to A. make sure that the street name of the property is correct. B. verify that the lender has sufficient funds for the loan. C. verify that the person selling the property is really the owner. D. begin the purchase process.

Weegy: C : The title company will perform an "abstract of title," which means searching the real estate records in the county where that particular piece of property is located. [ An abstract will determine the legal owner of the property; reveal any mortgages, liens, judgments, or unpaid taxes that will have to be satisfied before the property is conveyed; and detail any existing easements, restrictions, or leases that affect the property. ]
kdillon|Points 169|

User: The person to contact to arrange a home purchase loan is the: A. title officer B. realtor C. mortgage broker D. attorney

Weegy: C.Mortgage Broker.
jerrysliljess|Points 70|

Question
Asked 2/11/2013 12:42:49 PM
Updated 5/30/2016 1:38:52 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by emdjay23 [5/30/2016 1:38:49 PM]
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Many in the United States associate home ownership with the "American Dream."

Added 5/30/2016 1:38:47 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [5/30/2016 1:52:51 PM]
3
The purpose of the abstract of title is to verify that the person selling the property is really the owner.

Added 5/30/2016 1:38:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [5/30/2016 1:54:40 PM]
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