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• A title search must be done to make sure there are no claims on the property and that the seller can provide a marketable title. If there are claims, the seller typically would have to pay them off before the closing unless the contract states otherwise.

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• The lender will require title insurance to protect themselves if problems do arise with the title of the property.

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• You will typically need to get homeowners insurance prior to closing and make sure that you have the receipt.