What if there are exceptions which must be addressed prior to loan closing?
It is the responsibility of the borrower to address the concerns and requirements of the title company regarding any exceptions. An example of exceptions are items such as old mortgages which have never been discharged (from another lender), unpaid sewer assessments, unpaid water bills, discrepancies in legal descriptions, boundary disputes and any other items of record which may encumber the title to the property.
