Seller Wants Two-Week Extension to Close Escrow

Question: My wife and I are first time homebuyers in our late 20s. We signed a contract to purchase a home in Chandler. The close of escrow is scheduled in two weeks. Our apartment lease ends in two weeks. The seller’s real estate agent just told us that the seller will not be able to…

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Clarifying Title Commitment Versus Title Insurance

  Question: In a recent column, you said that the title company would have no responsibility if the title commitment negligently failed to discover a “cloud on the title.” Isn’t that what title insurance is for? Can you please clarify?   Answer: I was trying to explain the difference between a title commitment and a title insurance…

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