Posted by Bill K. _ FL on February 09, 2000 at 10:32:07:
Because the seller is transferring title without being compensated. How does he know for sure the deal will be funded? What if it doesn’t get funded? My point was that most title cos. will not have a problem doing this. If the seller is very motivated or is unaware(as in the case of an institutional seller possibly)it shouldn’t make a difference. An attorney rep the seller probably wouldn’t be too thrilled either.