Regina closed on the sale of her house to Tom on Thursday, then went to a second closing on Friday and sold it to Martin. How could the title company in Martin’s transaction have missed the fact that Tom had purchased the property?

Respuesta :

The correct answer would be, Tom's title company didn't have time to record Tom's deed before Regina closed with Martin.

With the above mentioned fact, Martin's transaction have missed the fact that Tom had purchased the property.

Explanation:

When a property or anything is sold, a deed is signed and the transaction is entered in the records to have information about the selling or purchasing of any property or land.

When Regina closed the sale of her house to Tom on Thursday, then it was the responsibility of Tom to enter the closing entry in the deed to have the record of the purchase by him.

Tom's little company didn't have time to record the deed and that's why Regina closed the entry with Martin on the very next day.

Learn more about partnetship deeds at:

https://brainly.com/question/14252602

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