The Commitment is a Title Insurance document and commits the company to insure. It reflects matters that appear on the record title as of the effective date and time, which may or may not appear in the final policy (i.e. mortgages, easements, liens, restrictions, etc.) as well as setting forth the requirements which must be met before the final policy is issued.
Possible Requirements May Includes:
Exceptions may be deleted or revised on the final policy. Examples: Payment of prior and current property taxes at closing will be amended to show paid current on final title policy and deeds of trust and mortgages paid at closing will be removed.
Policy endorsements can provide added coverage for an additional fee.
*For exact terms, conditions, exclusions, and limitations, please contact your local First American office.