Determine that it is not war loot undermining good and marketable title
or otherwise criminally obtained.
Some say the buyer's attorney cannot provide it because the seller is obligated under most real estate sales contracts to provide a title insurance commitment as evidence of marketable title
. Others argue that the lender's attorney cannot issue the policy because it is relied upon by other transaction principals who are not clients of the lender's lawyer.
It is only when the buyer's solicitor is satisfied that the property has a good and marketable title
, and the seller is able to vacate on the completion date, that contracts will be exchanged.
Currently, the seller's obligations are the following: (1) to provide "marketable title
thereto in fee simple, free from encumbrances and defects[,]"(104) and (2) "to take affirmative action to convey a marketable title
according to his contract of sale, and therefore, under the usual contract of sale, [to undertake] to pay off items that are concededly liens upon the property."(105)
They confirm that the seller has - and the buyer will obtain - marketable title
to the acquired company's property.
Where an agreement for the purchase of real property does not specify the character of title, the seller is required to furnish good and marketable title
. 44 FLA.
Your disposition will not become a marketable title
The process ensures that your wishes will be carried out, that the right people get your assets according to your will (or the intestacy laws of your state, if you die without a will) and that the people receiving your assets get them with clear, marketable title
If the property is sold within six months of the receipt of marketable title
, the claim is for the unpaid principal balance (UPB) minus net sales proceeds.
"Greater Birmingham'", the most internationally marketable title
, is unpalatable to many.
Indeed, "The Kung Fu Kid" would have made a more accurate if less marketable title
, as Mr.