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05-02-2024
Business

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Buyer purchases property and has a $90,000 title policy. The title company is required to pay a claim, but the payoff is higher than the original policy amount. This is due to:
A) Inflationary adjustments in property values
B) Escalation of legal fees
C) Uncovered liabilities not disclosed during the title search
D) Changes in interest rates affecting the claim amount

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