Escrow & Title
In NH, a buyer who discovers a title defect after closing can seek protection under their:
AThe seller's warranty in the purchase and sale agreement only
BOwner's title insurance policy, which insures against covered title defects✓ Correct
CThe listing broker's errors and omissions insurance
DNH Real Estate Commission's consumer protection fund
Explanation
An owner's title insurance policy provides protection against covered title defects discovered after closing, such as forged deeds, undisclosed liens, or errors in the public record. The policy remains in force as long as the insured (or their heirs) retain an interest in the property.
Related New Hampshire Escrow & Title Questions
- In NH, when a purchaser at a tax sale (resulting from unpaid property taxes) takes title, the original owner typically has:
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- In a NH 1031 exchange (tax-deferred exchange), the qualified intermediary (QI) is responsible for:
- In New Hampshire, the buyer typically pays for which of the following at closing?
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- What happens to a buyer's title insurance policy when the property is sold to a new buyer?
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