Final Review

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Across
  1. 3. Insurance that pays damages to the buyer of property in the event certain title defects arise.
  2. 5. A grandfather clause protects _______________ use in zoned areas so long as the use was in existence at the time the zoning law was passed.
  3. 8. Federal statute regulating disclosure of closing costs in advance and prohibiting kickbacks for referring customers to title companies.
  4. 11. The method of acquiring title to land by openly taking possession of and using another's property for a certain period of time.
  5. 14. Zoning that prohibits certain types of businesses, activities, or housing in certain areas.
  6. 15. estimates of the charges expected at closing that must be provided by lenders.
  7. 16. The U.S. Constitution grants the government ________ powers to provide for the health, safety, morals, and general welfare of the people.
  8. 17. Intent that illustrates that the donor intended to pass title absolutely and irrevocably; required for the passing of title by gift.
  9. 18. The purpose of ___________ zoning is to control or improve the beauty of the area, but does need to be tied to another health or welfare purpose.
Down
  1. 1. No matter the state, __________ all occur when all of the parties have fulfilled their obligations under the contract and the closing agreement or escrow instructions.
  2. 2. How many categories of tolerance variations are allowed for GFE discrepancies?
  3. 4. Zoning that consists of laws that control the number of structures or degree of occupancy in a given area.
  4. 6. A requirement of valid escrow that means that the parties are not permitted to withdraw their funds and documents at will.
  5. 7. Clause in a deed that indicates the type of land interest being conveyed.
  6. 9. ________ instructions are a contract agreement amongst the buyer, seller, and escrow agent.
  7. 10. The process of regulating land use by designating areas of a community for certain uses
  8. 12. Quitclaim, warranty, special warranty, for bargain and sale, and judicial are types of ______.
  9. 13. Taking of property by eminent domain is permissible via the _______ Amendment.