Happy Holidays, a professional question about the Teitel company, I bought a property at Short Sale and now I ...
Happy holiday friends,
A professional question about the Teitel company,
I bought a property on Short Sale and now I am selling it and the title company that handles the sale for me has discovered that there is an open permit from 1987 that we need to close.
The question is what is the responsibility of the Teitel company that handled the purchase. They claim that the bank was not obligated to close the premium to transfer the teitel of the property, but on the other hand, I assume that their job was to inform me / the purchaser.
Should Teitel or the insurance company bear the costs of closing the premium in light of the fact that their job was to inform me of this?
I would be happy to hear your professional opinion on the matter,
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The municipality said they would coordinate the search and if everything was normal, they would close it
Open permite does not contradict the fact that Teitel is clean. Not the responsibility of the bank or Teitel, but the responsibility of the buyer to check before buying.
Further clarification of a clean tittle in Kenya could be such that it has a permite method that is not contradictory.
But it should be admitted that there is no permittal method and this is true for every purchase.
Tittle company as good as I use was surpassing it for sure.
If there is a registered permit form in the municipality, the title should have come up with it and let you know.
If you bought properly you have completed for Tittle Insurence.
To the extent that you can start the insurance.
The more important you need to close the paramet that the no-do will do anyway.
Check its cities who the contractor six the work if it still exists and ask him to close the premium.
And if you do not have to do a switch replacement open the paramet and re-close it.
Successfully
As part of the purchase of property, the lawyer and / or the buyer must clarify this issue with the authorities, regardless of Teitel
Primates do not belong to the tittle company but can cause debts in front of the municipality and then it is against the property.
You can give a little more details on some such permite such as electrical plumbing and building inserts