Escrow & Title
In New York, 'marketable title' means title that:
AIs guaranteed by the state
BIs reasonably free from doubt, such that a prudent buyer would accept it✓ Correct
CHas been insured by a title company
DIs recorded in the county clerk's office
Explanation
Marketable title is title that is free from reasonable doubt and that a prudent buyer, fully informed of the facts, would accept without fear of future litigation. Contracts typically require the seller to deliver marketable title at closing.
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