Marketable Title

Question 0

What makes title unmarketable?

Answer 0

1. Defects in the chain of title
2. Significant variation in the description
3. Deed that was defectively executed (must be substantially likely to bring harm)
4. Prior grantor lacked capacity to convey
5. Encumbrances
6. Violation of zoning restrictions
7. Subject to adverse possession

Question 1

What is marketable title

Answer 1

Implied covenant in EVERY land sale contract that the seller will provide buyer with title that is marketable @ closing.

Title that is reasonably free from doubt, one that a reasonably prudent person would be willing to accept