According to theCornell Law School’s Legal Information Institute, in real estate an encumbrance gives someone besides the owner a claim on an asset. Therefore, if you plan to count the real estate as an asset, you need to know what encumbrances could affect your property value. The seller ...
REtipster does not provide legal advice.The information in this article can be impacted by many unique variables. Always consult with a qualified legal professional before taking action. Share Tweet Share Pin Email 0Shares What does it mean to buy a property "Subject To"?
Shared-deeded ownershipgives you a percentage of the physical property corresponding to the period bought. For example, one resort condo sold in timeshare increments of one week can technically have 52 total deeds. Buying one week would confer a one-fifty-second ownership interest in the unit, w...
On January 15, 1947, the horribly mutilated body of the “Black Dahlia,” a.k.a. aspiring 22-year-old actress Elizabeth Short, was found cut in half in a Los Angeles-area open field. Still unsolved to this day, her slaying remains one of the most infamous murder cases in the history...
So if you’re wondering how quickly can underwriting be done, it may depend on how busy the company is and if there’s any backlog. Once your file does get in front of an underwriter, the average time for underwriting is pretty quick, often 24 hours or less. ...
A poorly drawn map of a person’s property that is incorrect can mean people feel they have a right to possess more land than they actually own. The wrong owner could fence off a small strip of land. If this goes unnoticed by the real owner of the land, and the possession is ...
interest the grantor has in the property to the grantee. There is an important limitation to this type of deed. Because it only transfers the rights that the grantor has in the property, it does not guarantee that the property is the grantee's outright. If others with an interest in the...
ve done some planning on their own or elsewhere a lot of times they miss the real estate they haven’t deeded the property to the trust even the individual. I sat with them today he just had a will done and there was nothing done with the real estate so if h...
A homeowners' association (HOA) is usually a not-for-profit organization established by a community that governs rules regarding what can and cannot occur in homes, and also determines the rules and money spent on shared property. Many condominium andtownhousesavailable for purchase are part of ...