Escrow & Title
In Delaware, what is the 'gap period' in a title search?
AThe time between property listing and contract signing
BThe time between the date of the last title search and the date of recording the new deed, during which new liens could arise✓ Correct
CThe delay between contract signing and closing
DThe period between mortgage application and approval
Explanation
The 'gap period' is the time between the last title search and when the new deed is recorded. New liens filed during this gap could affect the buyer's title.
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