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Merchantable title and marketable title are synonymous terms. In the absence of an agreement to the contrary, there is an implied undertaking in the contract that the vendor (person selling the property) has a marketable title. The contract typically provides that on failure of a vendor to deliver good and marketable title, the vendee (buyer ...
In exchange for insurance premiums, the title insurance company conducts a title search through public records and provides assurance of good title, reimbursing the insured if a dispute over the title arises. [13] In the case of vehicle ownership, a simple vehicle title document may be issued by a governmental agency.
Here’s what it means to have clear title. ‘Clear title’ meaning. A clear title, also known as a “clean title,” is a property title that is free from liens or additional issues that could ...
The Texas Land Survey System is often measured in Spanish Customary Units. The most important of these is the vara, which, while ambiguous in the past, was legally established to be exactly 33 + 1 ⁄ 3 inches (846.67 mm) long in June 1919. [2] The subdivision levels in Texas are as follows: [3]
As Cronin Insurance noted, it also discounts your home insurance premium. A 4-Point Inspection. A 4-point inspection checks the home’s roofing, plumbing, AC/heating, and electrical systems.
The average annual cost of homeowners insurance in the U.S. is $2,511, or $209 a... Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
Indeed, more than one in four American homeowners with insurance worry that their homes will become uninsurable in 2024, according to results from a ValuePenguin survey of 2,035 U.S. consumers ...