In what situation would "curative action" be necessary during a real estate transaction?

Curative action is necessary in a real estate transaction specifically to address defects or issues in the title. This process is essential to ensure that the title is clear and marketable before the transfer of property occurs. Common examples of title defects include unpaid liens, judgments against the property, or missing heirs. These issues can impede the ability of a buyer to obtain financing or to confidently claim ownership of the property. Curative action may involve negotiating with creditors, obtaining necessary documents, or legally resolving disputes, all aimed at clearing the title of any encumbrances or claims.

The other scenarios presented do not pertain to title issues. For instance, low appraisal values relate to property valuation and financing rather than title integrity. Similarly, expediting the closing process and reviewing property zoning regulations are procedural or regulatory matters unrelated to the state of the title itself. Understanding the concept of curative action is vital for ensuring that a real estate transaction proceeds smoothly and that the buyer receives a clear title, free of defects.