Marketable Title vs. Marketable Property

Marketable Title vs. Marketable Property

First a legal definition: Marketable title (real estate) is a title that considers to be free from defect. Marketable title does not assume the absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept. So from the legal world when it comes to property and title, this means the property essentially doesn’t have any current legal issues.  For example: unknown liens, forgeries, boundary or survey disputes, etc. Your real estate lawyer is responsible to review and ensure good, marketable title at closing.  Title insurance is often required or highly encouraged to assist homeowners in the event of an issue later down the...

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Running the Gamut in 2017

Running the Gamut in 2017

The real estate business has really ‘run the gamut’ this year. I love that phrase – the origin is traced back to a musical concept developed by a cool medieval monk named Guido who essentially invented the first syllable-note system (think Do, Re, Mi)....