Title Defect
Title deficiency that prevents a seller from successfully transferring property to a buyer. A title company may discover a title defect ( due to encumbrances against the property or failure of a former co-owner of the property to sign a deed transferring the title, etc.) in preparation for a closing, effectively blocking the sale of the property until the defect is resolved.
Popular Real Estate Terms
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Maybe you’re studying for your real estate exam, or you heard the word from your real estate agent and didn’t know what it means. Whichever your reason, we’ll go ahead and ...
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