A preliminary title report, also known as title commitment, is a document that is prepared by a title company to provide information about the ownership of a property and any liens or encumbrances that may affect the title. Schedule A is the first part of a title commitment, which is a document that outlines the terms and conditions of a title insurance policy.
In Schedule A—
Context: Identifying the document.
Document title: Title Insurance Commitment, Preliminary Title Report, etc.
Schedule A title
Key takeaways: Important information.
Owner’s policy
Loan policy
Subject property current owner on record title
Subject property legal description
Notes on Schedule A:
Owner’s policy amount must match the purchase price. Proposed insured must match all borrowers.
Loan policy amount must match loan amount. Proposed insured must match company mortgagee clause (below).
Panorama Mortgage Group, LLC DBA Alterra Home Loans ISAOA/ATIMA 6623 Las Vegas Blvd South, Suite F-200 Las Vegas, Nevada 89119
Panorama Mortgage Group, LLC DBA Vision Mortgage Group ISAOA/ATIMA 6623 Las Vegas Blvd South, Suite F-200 Las Vegas, Nevada 89119
Panorama Mortgage Group, LLC DBA Loan Peak Lending ISAOA/ATIMA 6623 Las Vegas Blvd South, Suite F-200 Las Vegas, Nevada 89119
In Schedule B—
Context: Identifying the document.
Schedule B title
Key takeaways: Important information
Most recent year’s real estate taxes
Chain of title ≥24-months
Notes on Schedule B:
Chain of title might be found on a separate page.
