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| Eugene Vigoa, Esq. |
If you are selling your home, the buyer will most likely want to purchase title insurance to protect them against possible title defects. As a seller, you probably purchased title insurance yourself when you bought the property. The buyer's settlement agent may contact you regarding issues that appear on title that need to be corrected prior to closing.
The most common being an open mortgage recorded against the property. However, there are many issues that can arise on title that is the responsibility of the seller to correct prior to closing. The reason is that the sales contract requires the seller to provide the buyer with marketable title. That is, clear title so that the title insurance company can issue a title policy to the buyer.
An experienced settlement agent will work with the seller to clear issues that come up during the title search; however, there may be instances where the seller may have to get an attorney to help them clear title issues.