Title Policy: “Seller, at Seller’s expense, will furbish Buyer an Owner’s Policy of Title Insurance from state company, in the amount of the sales price, dated at or after closing, insuring Buyer against loss under the title policy, subject to:” blah, blah, blah
This sounds to me like the seller is responsible for getting title insurance for us. However, I do not believe that this is correct because when we purchased our current residence we were responsible as buyers to have out own title insurance. I believe that this section means that they seller must prove that he had title insurance from the initial purchase of the property to prove that he has legal rights to the title, and if something occurs the title is insured. I am going to check this out with my lawyer just in case.
Survey: This is simply stated also. Within 10 days the seller needs to provide us with a survey of the property, that was done after the date of the contract, by professional surveyors.
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