Insurable title

[Kevin Barrett]

Clients of mine would like to see a property which the listing agent said a deal fell through because buyer's had an issue because it has insurable title (vs marketable title). I asked the agent to explain further and she said that it only has insurable title because there is an "old lien" on the property.

An "old lien" could be anything so is it safe to say that the buyer's who had the property under agreement thought that it was too difficult/expensive to resolve the lien issue?

I can recommend to the buyers if they really like the property then they should have atty do a title search to get full disclosure and all the details regarding the lien.