A property with encumbrances that will outlast the closing
A) cannot be sold.
B) cannot have a deed recorded without a survey.
C) can be sold only if title insurance is provided.
D) can be sold if a buyer agrees to take it subject to the encumbrances.
Answer (2)
A property with encumbrances can be sold if a buyer agrees to take it subject to those encumbrances, meaning the sale can proceed with the understanding of existing liabilities. This commonly occurs in real estate transactions, with appropriate legal considerations. The chosen answer is D).
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A property with encumbrances can be sold if a buyer agrees to take it subject to those encumbrances, indicating that such issues do not prevent the sale. This practice is common in real estate transactions, where the buyer assumes the associated liabilities. Understanding these details is crucial for any buyer considering a purchase. ;
