Escrow & Title
A Pennsylvania title company that issues a 'hold harmless' letter at closing agrees to:
AGuarantee the property's value
BAccept responsibility for specified title risks or defects in exchange for holding harmless the insured party✓ Correct
CHold escrow funds permanently
DIndemnify the real estate agent from any liability
Explanation
A hold harmless (or indemnification) letter from a title company at closing addresses a specific known issue — such as a minor defect, gap in the public record, or delayed satisfaction — by agreeing to indemnify the insured against loss from that specific issue. It allows a closing to proceed when a perfectable defect exists.
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