Defective title – patching it up with the aid of insurance
You are keen to buy a property, but a question mark hangs over an old restrictive covenant, or there is a remote chance that someone will dispute the location of a boundary fence. The risks may not worry you, but a mortgagee or future buyer may not share your equanimity.
Title insurance may well be the answer, although very few property professionals (including lawyers) know precisely how the industry operates and what the shortcomings are. Now there is no excuse: see the careful explanation given by Marc Franks, of Nabarro Nathanson, in
Defective title – patching it up with the aid of insurance
You are keen to buy a property, but a question mark hangs over an old restrictive covenant, or there is a remote chance that someone will dispute the location of a boundary fence. The risks may not worry you, but a mortgagee or future buyer may not share your equanimity.
Title insurance may well be the answer, although very few property professionals (including lawyers) know precisely how the industry operates and what the shortcomings are. Now there is no excuse: see the careful explanation given by Marc Franks, of Nabarro Nathanson, in Follow the correct policy Estates Gazette 29 March 2003, p110.