02-24-2015, 03:53 PM
Source: First American Title
The ALTA 1992 form policy defines “unmarketability of the title” as:
“An alleged or apparent matter affecting the title to the land, not excluded or excepted from coverage, which would entitle a purchaser of the estate or interest described in Schedule A to be released from the obligation to purchase by virtue of a contractual condition requiring the delivery of marketable title. "
Website:
http://www.firstamny.com/detail.aspx?id=142
The ALTA 1992 form policy defines “unmarketability of the title” as:
“An alleged or apparent matter affecting the title to the land, not excluded or excepted from coverage, which would entitle a purchaser of the estate or interest described in Schedule A to be released from the obligation to purchase by virtue of a contractual condition requiring the delivery of marketable title. "
Website:
http://www.firstamny.com/detail.aspx?id=142
Former Puna Beach Resident
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Now sailing in SE Asia
HOT BuOYS Sailing