Title insurers some time choose to insure over and item of risk or insignificant flaw in the title to a parcel of real estate. Lets say there is a unsatisfied mortgage that that shows on title that is over 50 years old. They could request satisfaction of the lien that might take an eternity to obtain or realizing it is a lien that was not properly released and pose little risk can just insure over the lien to deliver marketable title instead of perfect title.
Marketable Title vs. Perfect Title
1 comment • Find a Notary Public | needAnotary • May 25 2008 12:03PMComments
Participate
Post © 2009 Find a Notary Public | needAnotary (QEC Internet Services). Design © 2009 ActiveRain Corp.
Logos and service marks owned by copyright holder.
Very Interesting information. Thanks for the post!