More on clauses that help close your
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| In today’s competitive environment, it is essential to seek out every advantage possible to ensure your deals have the best chance of closing on time. By introducing a risk taker into a process where conventionally no risks were assumable (regardless of the reasonableness of the risk), title insurance allows more deals to close on time than would otherwise. That’s one of the reasons why our firm title insures every deal we do. Sometimes, though, that’s not enough. Sometimes, vendors, purchasers and lawyers are not as aware as they could be of the benefits and coverage options involved with title insurance. When that happens, it can be helpful to include reference to title insurance in the body of an offer. For that reason, we recommend you consider the following clause in ALL your offers:
The use of this clause will have the effect of obligating the purchaser to close the transaction notwithstanding that a title objection has been raised by the purchaser’s lawyer as long as a title insurance policy can be provided. In plain English –this means that a clause like this can help your deal close on time. Consider it. Korman & Associates is one of Canada's leading real estate law firms, closing thousands of transactions annually. Put our experience to work for you! Korman
& Associates |
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