Escrow & Title
In NH, 'marketable title' means:
AA title that will sell at market value
BTitle that is reasonably free from doubts and defects such that a reasonable buyer would accept it✓ Correct
CTitle that has been marketed on the MLS
DTitle that the lender agrees to insure
Explanation
Marketable title is title that is reasonably free from encumbrances, liens, or defects that would expose the buyer to litigation or make the property difficult to sell. A seller is generally required to convey marketable title.
Related New Hampshire Escrow & Title Questions
- A general warranty deed in New Hampshire provides the grantee with which covenants?
- When a NH lender sells a mortgage to the secondary market, the borrower may notice that:
- A New Hampshire abstract of title is:
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- A lis pendens recorded in a New Hampshire county registry of deeds provides notice that:
- A special warranty deed differs from a general warranty deed in that:
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- In New Hampshire, a warranty deed (general warranty deed) provides buyers with:
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