Finance
A Florida lender orders a 'title search' as part of the mortgage underwriting process. The primary purpose is to:
ADetermine the property's market value
BVerify the seller has clear title to convey and identify any existing liens that must be paid at closing✓ Correct
CInspect the physical condition of the property
DVerify the buyer's income and assets
Explanation
The title search verifies that the seller has clear title to convey and identifies any existing liens, encumbrances, or defects that must be resolved before the lender can safely make a mortgage loan secured by the property.
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