We're now within 48 hours of signing for a new construction. (The 30 day part of the contract is like watching a clock.) The contract for purchase states there is a clear title. Our lender is fine with the wording on the contract and has approved the loan. We are not using a Village lender.
We have purchased at least 40 houses during our marriage and always purchase title insurance for existing property. With The Village purchase, the legal document to purchase has a clear title to the property. Yes, we are one of those people that reads every word of a legal document before signing.
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