Finance
A Texas buyer's lender requires a 'title report' before funding. This is because the lender wants to ensure:
AThe property passes the home inspection
BThe title is marketable and free of unacceptable encumbrances before funding the loan✓ Correct
CThe property taxes are current
DThe buyer's earnest money is deposited
Explanation
Lenders require a title commitment (report) to ensure that title is marketable and that their deed of trust lien will be in the required priority position. The lender will not fund a loan with unacceptable title defects or prior liens.
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