The title company is:_____.
(a) a party to the contract
(b) not a party to the contract
(c) liable for the performance of the parties
(d) responsible for arranging suitable financing for the buyer

Respuesta :

Correct option is (b).

The title company is not a party to the contract. Title company is a neutral third party  which is hired by buyer to research and insure the title of the home he is buying.

When we are purchasing a home, we will have to deal with  the title company in the process of buying a house. The role of the title company is just to verify that the title to the real estate is given legitimately  to the home buyer. Especially, title company make sure that a seller has all the rights to sell the property to a buyer.

Once a title insurance company completes its verification, it will  give back that guarantee with the title insurance, which protects the lender or the owner in the event that someone may come along and makes a claim to the property in the future.

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