Free Insurance Licensing PA-Title-Insurance-Agent Exam Dumps Questions & Answers

When insuring a mortgage where there are intervening liens that prevent the lender from holding first lien priority, such other liens may be

• A.  subrogated to the lien of the insured mortgage.
• B.  waived to the lien of the subject mortgage.
• C.  subordinated to the lien of the subject mortgage.
• D.  restricted to the lien of the subject mortgage.

The process by which a mortgage is enforced against real estate is called a

• A.  trustee sale.
• B.  sheriff's sale.
• C.  non-judicial foreclosure.
• D.  forfeiture.

A waiver is defined as the

• A.  modification of a known right.
• B.  intentional and voluntary giving up of a known right.
• C.  misrepresentation of a known right.
• D.  acceptance of terms of the policy.

Which of the following is considered a voluntary lien?

• A.  State tax lien.
• B.  Construction lien.
• C.  Mortgage lien.
• D.  Real estate tax lien.

Which of the following types of deeds provides the purchaser of real estate the greatest protection?

• A.  quitclaim deed
• B.  deed in trust
• C.  trustee's deed
• D.  general warranty deed