Escrow & Title
A Connecticut buyer's attorney performs a title examination and issues a 'title opinion.' This opinion states whether:
AThe seller has the right to set the purchase price
BTitle is marketable, identifies any defects, and whether the client can take title with reasonable security✓ Correct
CThe property is priced correctly
DThe buyer's financing is adequate
Explanation
A title opinion (certificate of title) issued by a Connecticut attorney after examining the chain of title states whether title is marketable, identifies known defects or encumbrances, and whether the buyer can safely take title.
Related Connecticut Escrow & Title Questions
- A Connecticut property's title history shows a deed from 1985 with an apparent forged signature. A general warranty deed to the current owner was issued in 2010. The current owner's title insurance will:
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