West Virginia Notice of Title Defect by Buyer to Seller Pursuant to Provisions of A Purchase and Sale Agreement
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How to fill out Notice Of Title Defect By Buyer To Seller Pursuant To Provisions Of A Purchase And Sale Agreement?
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FAQ
For example, a title defect could be an undisclosed heir of a previous owner suddenly appearing to make an ownership claim on your land. An encumbrance is a claim made upon the land by someone other than an alleged landowner.
A warranty deed, a real estate lien note, and a deed of trust are the three principal legal documents in most Texas residential real estate transactions.
Suing the seller for money damages; Terminating the contract and requesting a return of the good-faith deposit, plus the payment of any reasonable expenses; or. Specific performance of the agreement, such as making the seller perform within the terms of the contract or complete the home sale.
A seller who fails to convey marketable title under a contract that, expressly or impliedly, calls for marketable title, has breached the contract. In such a case, the buyer can refuse to pay the purchase price for that land and sue the seller for whatever other damages the buyer suffered as a result of the breach.
Right to Damages A buyer who has accepted goods may recover as damages for any breach by the seller of his contract obligations the loss resulting in the ordinary course of events, including in proper cases, any incidental and consequential damages.
A quitclaim deed is often used to cure a defect (a "cloud on the title") in the recorded history of a real estate title.
Buyer's Remedies for Breach of Contract Apart from seeking compensation, the buyer has the option to request a refund of the money they have already paid. Another remedy available for a breach of contract is a suit for price, which involves the money paid by the buyer for goods that were not delivered by the seller.
Title Resolution When title defects are discovered, the title agent initiates a remediation process to resolve the defect and render the title clear and free.
