Define opportunity. opportunity synonyms, opportunity pronunciation, opportunity translation, English dictionary definition of opportunity. n. pl. opÂ·porÂ·tuÂ·niÂ·ties 1. A favorable or advantageous circumstance or combination of circumstances. 2. A chance for progress or advancement, as in a...
Share on Google Plus. Breaches of real estate contracts occur when one party fails to perform a contract provision. Buyer breaches include not meeting a loan or physical inspection. Seller breaches may include failing to deliver clear title or statutory disclosures. The parties must follow the method of dispute resolution contained in the contract to resolve contract breaches.
Whether you are buying or selling real estate, or if you are a real estate agent or a mortgage lender, you may wonder exactly what it is that title insurance agents do. After all, when you are at the closing table, the agent usually hands out a lot of complicated documents to sign. It is easy to say that a title agent conducts a search on property records to check for title defects or other attachments to the property, such as liens. But in reality, the title agentâs purpose is much subtler. Title agents are in the business of insuring expectations. The buyer of real property expects to receive a property title that is clear of defects; the mortgage lender expects to have a valid and enforceable lien.