Escrow & Title
In Louisiana, which of the following represents a 'marketable title'?
AA title that is actively listed on the MLS
BA title that is reasonably free from doubt or litigation — one that a reasonable buyer would accept without objection✓ Correct
CA title that has never been mortgaged
DA title held by the current owner for at least 10 years
Explanation
Marketable title is one that is reasonably free from defects, encumbrances, and doubt about ownership — that a reasonable, informed buyer would accept without fear of litigation or loss. It does not need to be a perfect title.
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