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TENNESSEE IS A TITLE COMPANY WITH ATTORNEY, OR OUTSIDE ATTORNEY MAY CONDUCT CLOSINGS
A Investor Friendly title company attorney, a party to the contract, a lender’s representative, or an outside Investor Friendly attorney may conduct a closing.
Conveyance is by warranty or quitclaim deed.
Deeds of trust are the customary security instruments.
Foreclosures, which are handled according to trustee sale provisions, are swift, that is, 22 days from the first publication of the notice until the public sale, and there is normally no right of redemption after that.
Tennesseans use ALTA policies and endorsements.
The payment of title insurance premiums, closing costs, mortgage taxes, and transfer taxes varies according to local practice.
Property taxes are payable annually on the first Monday in October.
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