What is the typical outcome after a title search identifies defects and requires curing?

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Multiple Choice

What is the typical outcome after a title search identifies defects and requires curing?

When a title search uncovers defects, the goal is to ensure the buyer will receive a title that’s marketable and insurable. The typical remedy is to use title insurance to cure those issues. A title insurer guarantees that, after closing, the title is as insured and protects the buyer and lender from losses caused by those defects, up to the policy limits. This protection is what allows the transaction to proceed even if defects were found, because the risk is shifted to the insurer and any remaining concerns are addressed through the policy. Ignoring defects or transferring ownership without a clear, insured title aren’t standard practices, and the idea that the sale cannot proceed isn’t the usual outcome once title insurance is involved.

When a title search uncovers defects, the goal is to ensure the buyer will receive a title that’s marketable and insurable. The typical remedy is to use title insurance to cure those issues. A title insurer guarantees that, after closing, the title is as insured and protects the buyer and lender from losses caused by those defects, up to the policy limits. This protection is what allows the transaction to proceed even if defects were found, because the risk is shifted to the insurer and any remaining concerns are addressed through the policy. Ignoring defects or transferring ownership without a clear, insured title aren’t standard practices, and the idea that the sale cannot proceed isn’t the usual outcome once title insurance is involved.

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