Escrow & Title
A Virginia purchase contract requires 'evidence of title satisfactory to the buyer.' If the title search reveals an easement the buyer objects to, the buyer may:
AClose anyway without any remedy
BObject to the title as unsatisfactory and potentially void the contract if the easement is unacceptable✓ Correct
CRequire the seller to pay the easement holder
DOnly request a price reduction
Explanation
If the contract requires title satisfactory to the buyer and title search reveals an objectionable easement, the buyer can object. The seller must either cure the defect or the buyer may be entitled to void the contract.
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