The Notar does much more than just read the contract; he is liable for the correct administration of the transfer of ownership (done by a three phase process which guarantees that the seller cannot get the money without transferring the property and the buyer cannot get the property without selling the money).
The concept of title insurance doesn't exist in Germany as the Notar eliminates the risk.
The concept of title insurance doesn't exist in Germany as the Notar eliminates the risk.