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What is title? Title is a legal term meaning registered owner of real property. When your lawyer is preparing to transfer the title to your property, you will likely be asked who will actually own it. You may choose to list one name alone, fellow investors (a parent, for example) or, particularly in a marriage, both spouses. The issue of whose name is on the title is frequently important when ...
Aug 3, 2013 · If Seller is UNWILLING, typically, buyer can sue for specific performance, which means asking the court to force seller to honor the contract and sell the house, clear of title defects. Often, seller's liability to clear title (how much he has to spend) is limited. What does your contract say? Since you're in NYC, I assume you have an attorney.
- Seller "can't" or is UNWILLING to deliver clear title? Are you the seller? Ask your attorney, she is the one who drafted the agreement. It all de...
- I agree with the previous answers. The contract will state what should happen and usually inspections are at the buyer's expense and earnest money...
- What does the contract say? What is the reason he can not convey clean title? Under a typical contract, if the Seller can not convey good and insur...
- That depends on what the Contract of Sale provides for. In the standard NYS Contract, the buyer is reimbursed for title expenses only. However, you...
Jun 12, 2023 · June 12, 2023. Property titles and ownership in Canada provide individuals and entities with essential legal protections regarding real estate. Canada’s robust legal framework ensures that property owners have clear and enforceable rights, allowing them to possess, use, and transfer their properties confidently.
Selling your home with a realtor. If you use a realtor, you pay a commission based on the home’s sale price. Realtor commissions may be negotiable, but typically range from 2% to 6%, depending on your location. The realtor can: give you tips to prepare your house for showings. arrange showings and open houses.
May 4, 2022 · Chicago, IL 60654. View. $499,900. 2 Bed 2 Bath 1,450 Sqft. 300 N State St Unit 4432-4433. Chicago, IL 60654. View. Options have to be bought at an agreed-upon price. If the buyer doesn’t buy ...
Aug 21, 2017 · The proposition is usually less than fair market value and parties are ultimately unable to come to a resolution. This is when the owner who wants to sell asks a lawyer for assistance in making an application under the Partition Act, RSO 1990, c. P.4 for the partition (the physical division of the land) or a sale of the shared property.
People also ask
Should a seller provide clear title to a buyer?
What if the seller can't deliver a clear title?
What happens if a buyer has an option to buy a property?
What happens if I can't afford to clear title?
What happens if a seller is unwilling a contract?
What happens if a seller doesn't pay a mortgage?
If the seller commits to selling the property and then discovers that the amount received will not payout the mortgage (s), the seller is obligated to bring in funds to close, or face being in breach of the agreement and liable for damages incurred by the buyer. A seller must be able to provide clear title to a buyer unless the parties agree ...
