What exception should be deleted when a title commitment is issued at closing?

The gap exception refers to the period of time between the date of the last title examination and the closing date. During this time, any new developments, liens, or issues affecting the title may arise that the title insurer has not had the opportunity to examine. When a title commitment is issued at closing, it is critical to delete the gap exception because title insurance is designed to provide buyers with protection against defects that can occur from the time of examination until the actual transfer of ownership.

By removing the gap exception, the buyer is insured against any potential claims or defects that may have arisen during that interim period, granting them peace of mind that they are receiving clear and marketable title at the time of closing. This ensures that they have full coverage against risks that may not have been apparent prior to the closing itself, thus enhancing the buyer's security in their real estate investment.