Escrow & Title
In Virginia, a 'marketable title' means:
AA title that has been recently appraised
BA title reasonably free from doubt about defects, allowing a reasonable buyer to purchase without fear of litigation✓ Correct
CA title that has sold in the last 6 months
DA title that is insured by a national title company
Explanation
Marketable title is title that a reasonably informed buyer, not subject to forced acceptance, would accept as clear. It is free from reasonable doubt about ownership and material encumbrances that would affect value or use.
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