Sentences with phrase «marketable title»

Consequently, the Court found the Chambers Judge did not err in finding the option was binding and that the Appellant must provide good and marketable title in fee simple.

If you took some time off to raise children, instead of using, «Stay - at - Home - Mom», give yourself a more marketable title such as, «Household Coordinator» and then list your skills and responsibilities.

It lets the seller know what has to happen in order to deliver to the buyer marketable title, which is a requirement under most standard residential real estate contracts (see the «Title Evidence» section of your real estate contract which is usually the first paragraph under the part of the contract called the «Standards For Real Estate Transactions»).

But the irony contained in the film's very marketable title is that the truth of the Bush story didn't really matter in the end.

Clear Marketable Title A title that is free of liens, encumbrances or legal questions as to ownership of property.

In other words, it is better to maximize your return on a couple of massively marketable titles than it is to really diversity or experiment.

and if there is issue with the title IE to convey marketable title it will spell it out in the Preliminary title report.

Before the closing takes place, a title company (through its title agent) will issue something called a «title commitment» which outlines all of the requirements (and exceptions to title) that must be met in order for marketable title to be transferred from the seller to the buyer at the closing table.

A requirement that the seller must provide marketable title.

Definitely worth doing in the right circumstances, but has to be backed up with the correct docs in order to get marketable title.

In my view, agreements for the sale of land include an implied term that the purchaser will receive a «good and marketable title in fee simple» based on both conveyancing practice (custom) and as a «legal incident» of such contracts — that is by implication of law based on the judicial authorities cited herein (see para. 50).

So, unlike a property purchased at a sheriff sale, which may be wiped of junior liens, REOs are even free of government and municipal liens, as well as HOA (Home Owner Association) liens, giving the REO buyer more marketable title.

You have, or are able to obtain, within 90 days after the last surviving borrower's death, good, marketable title to the property or a legal right to remain in the property for life.

Marketable Title A property title that is clear of liens or defects.

You warrant at the time of such delivery that you will have good, valid and marketable title or right to sell and transfer all such underlying securities on the terms of this Agreement.

Solution (i) is possible, but will not give the widow / widower a marketable title free from investigation of the state of the legacy as at the date of any future sale or mortgage.

This means that a buyer or his solicitor can not just look at the HIP and assess whether the title is acceptable, further work is needed to prove a good and marketable title.

All the back taxes, liens has been paid and the property comes with a clear and marketable title.

The law «creates a cloud on record and marketable title and, as a result, creates uncertainty, the significant potential for litigation and other expenditures of resources, and other burdens for the United States and those with whom it deals,» according to the complaint.

It may be that nobody can claim a marketable title at this point.

In the purchase agreement, the Seller also represented that Parque would present «good and marketable title» at the closing.

Title Discovery — Whenever you purchase real estate (especially as an investor) a marketable title is the most crucial element.

Some examples of these conditions may include: inspections, partner's approval, financing, research of code violations or permits — and, of course, a clear and marketable title.

However, sometimes achieving the buyer's goal of receiving clear or «marketable title» to that property can be difficult, especially after the recent foreclosure fiasco.

The policy represents to the buyer that he or she has clear and marketable title to the real estate — no contractor is going to be knocking on their door demanding to be paid for work done before they bought the place or there are no unsatisfied mortgages, for example.

If the seller is unable to convey «clear title» (the term used in most Contracts is «marketable title») to the buyer, then the transaction should not close.

So what happens to make sure there is «clear title» or «'' marketable title» at the closing table?

-- Pay stubs (dates, amounts, names, institutions)-- Hardship letter — Marketable title — Bank statements (all pages, accounts and borrowers)-- Occupancy certificate

The review also will certify that the home has not been rented for more than 18 months and is being maintained, that there is a marketable title and that the property has only one FHA - insured loan.

All REO contracts will be contingent on the seller providing clear and marketable title — if they can't get clear title, you're not obligated to make the purchase.

As a buyer, it is the responsibility of your title company to make sure you get a clean and marketable title.