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Transactions where the seller is unable to close or provide marketable title is happening more often lately. I have been adding into my contracts a clause that basically states If the seller is unable to provide marketable title or close, the seller will be responsible for expenses incurred during the contract term which may include but not limited to: Inspections, Survey, Appraisal, Interest on Ernest Money, Legal fees. This does not apply to Bank Owned REO or Short-Sales.
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For Sale: $35,000
For Sale: $95,900
For Sale: $136,900