Contracts
In Michigan, a 'title contingency' in a purchase agreement allows the buyer to:
AChoose their own title company
BExit the contract if the title search reveals defects that cannot be cured before closing✓ Correct
CWaive title insurance
DSelect a different legal description for the property
Explanation
A title contingency allows the buyer to void the contract if the title search reveals material defects (such as unresolved liens, boundary disputes, or missing heirs) that cannot be cured or resolved before the specified closing date.
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