All real estate sales contracts require the use of the "legal description" of the property, rather than just the "street address". This is necessary in order to create documents such as the deed, and to provide a "title insurance policy".
These are questions that the above text answers:
1. Why is the use of a legal description necessary in real estate sales contracts?
2. What documents are created using the legal description of a property?
3. What is the purpose of a title insurance policy in real estate transactions?
4. What type of description is required for real estate sales contracts instead of just the street address?
5. Why is it important to include the legal description in the deed?
6. What is the difference between a legal description and a street address in real estate transactions?
7. What role does the legal description play in creating a title insurance policy?
8. What is the purpose of including a legal description in real estate contracts?
9. How does the legal description of a property contribute to the transfer of ownership?
10. Why is it necessary to use a legal description rather than just relying on the street address in real estate transactions?