Question

bill buyer elects to close without a survey. following closing, he discovers his neighbor's fence is on his property. what is bill's best option to remedy the situation?

Answer 1

Suing the title company for failing to include the fence in its exception list.

What happens when a title has a flaw?

The title agent starts a remediation process to fix title defects and make the title clear and free when they are found. Some clouds on title can be fixed quickly, like mistakes in public records, but others may take more research, time, and even legal action to fix.

On a title policy, what is a Schedule of Exceptions?

Almost no title insurance policy covers every possible scenario. The Schedule of Exceptions, as the name suggests, is a specific list of things that aren't covered. These things can be things like unrecorded mechanic's liens, assessments, water rights, and mining claims.

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