What is a Title Exam and Why is it So Important?

When considering purchasing a home, it is important to have the title of the property examined for a number of reasons.

While the property may seem like a great deal and check out in other areas such as home inspection, if the title to the property is not marketable, then the buyer may seek to rescind the sale due to the interest of another party. Inability to convey marketable title generally results from having previous encumbrances on the property, such as mortgages, liens or claims.

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Christine DiMestico