Usda Form 1927 9 PDF Details

In a complex world where real estate and legal frameworks intertwine, the USDA Form RD 1927-9 stands out as a pivotal document ensuring clarity and legal standing in title examinations related to loans offered or insured by the United States Department of Agriculture (USDA). This form, approved and mandated under OMB NO. 0575-0147, serves as a comprehensive preliminary title opinion, signifying the rigorous process undertaken to establish the status and viability of a property's title before a USDA-backed loan is secured. The examination it documents stretches from a historical analysis of the property's title to the identification of any encumbrances or legal obstacles that might hinder clear ownership transfer or loan security interests. Essential to both loan applicants and the USDA, it lists necessary actions, such as obtaining satisfactions, releases, or other curative instruments, to ensure the property's title is marketable and free of unforeseen claims. Moreover, it extends into outlining specific requirements for executing a security instrument that bestows the USDA with a lien free of rights such as dower, curtesy, and homestead exemptions. Beyond its conventional utility, the form also embodies the attorney's legal accountability to both the loan applicant and the federal government, marking a critical juncture in securing a USDA loan. With precise stipulations on the scope of the title examination and subsequent responsibilities of the examining attorney, Form RD 1927-9 not only facilitates a smoother transactional flow but inherently guards against potential legal pitfalls, thereby safeguarding the interests of all parties involved.

QuestionAnswer
Form NameUsda Form 1927 9
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namespreliminary title opinion form, preliminary title opinion, rd 1927 9 fillable, curtesy

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USDA

Position 5

FORM APPROVED

Form RD 1927-9

 

 

OMB NO. 0575-0147

 

 

 

(Rev. 9-99)

PRELIMINARY TITLE OPINION

 

 

 

 

 

 

 

 

 

 

Loan ApplicanT

 

Address of Property

 

 

 

 

 

 

 

Applicant for Title Examination

County

State

I.At the request of the above-named applicant(s) for title examination, I have examined title to the real property described in attached Schedule A and, if the security includes a water right, to the water right described in attached Schedule B (such real property or water right, or both, herein referred to as ''the property''), offered as security in connection with a loan to be made or insured by the United States of America, acting through the United States Department of Agriculture (USDA).

II. My examination covered the period commencing with

 

 

 

,*

filed for record on

 

 

,

 

, at

 

 

M. o'clock, to

 

,

 

 

, at

 

M. o'clock.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

III.Based on said examination and any additional information concerning the title which has come to my attention, it is my opinion that title to the property, subject only to the encumbrances, reservations, exceptions, and defects, and the provisions of any security instrument authorizing future advances which would have priority over the proposed USDA security instrument, all of which are set forth at the end of the description, is vested in the following party or parties:

IV. In order to vest good and marketable title in fact to the property in the loan applicant or in the loan applicant and co-applicant as required or permitted by the respective USDA Agency, subject only to the encumbrances, exceptions , and reservations which under written authorization from the respective USDA Agency may remain outstanding, the following satisfactions, releases, payments, quitclaim deeds, warranty deeds, or affidavits or other conveyances or curative instruments, must be obtained and, unless otherwise indicated, recorded:

V.The names of the parties, in addition to the loan applicant(s), who must execute the security instrument in order to give the respective USDA Agency a lien free and clear of dower, curtesy and homestead rights, are:

VI. I will assist in closing the loan and promptly render a supplemental opinion covering the interval from the terminal date

of the search covered by this Opinion to the time when the real estate security instrument and any other necessary instruments executed in connection with the loan are filed for record.

VII. I have made the title examination, and issue this Opinion. This Opinion is issued expressly for the benefit of the above- named applicant for title examination and the United States of America, acting through the United States Department of Agriculture and I assume liability to each hereunder.

(Date)

(Attorney's signature)

(Address)

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collections is 0575-0147. The time required to complete this information collection is estimated to average 1-1/2 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

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curtesy writing process explained (part 1)

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curtesy writing process detailed (step 2)

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