At every real estate closing, the buyer pays for the real property, and title changes hands, but some real estate closings require many additional documents.
Read MoreIn the 1960's, Genevieve Veder donated the Duke of Alcantra Strad to UCLA, which loaned the valuable instrument to violinist David Margetts, who lost it. When the instrument surfaced 27 years later, another violinist claimed that she was the rightful owner because UCLA did not have complete documentation showing its ownership. Documentation showing change of ownership is equally important in real estate transactions.
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