Escrow & Title
In Maryland, a seller's failure to transfer title that is free of material encumbrances at settlement may allow the buyer to:
AProceed anyway and sue later
BRefuse to close and seek rescission or damages✓ Correct
CReport the seller to MREC
DRequire the broker to pay for clearing title
Explanation
If the seller cannot deliver clear, marketable title at settlement, the buyer may refuse to close and has grounds for rescission of the contract or a suit for damages.
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