Encroachment in real estate is when a person — without permission — impinges on another person’s property by either building a structure or extending their property onto the other’s, to name a few examples. Encroachment can occur accidentally, for example, if property lines are unclear and ...
You found what might be your forever home but notice that it’s listed as “contingent” or “pending.” What does this mean? While both contingent and pending mean that the seller has accepted an offer, neither necessarily means an offer you make would be left out in the cold. Let’s ...
In addition to the escrow company, several other entities are involved to ensure a successful exchange of the property between the buyer and seller. For a standard sale, this contract pending status can last between 30 and 45 days. Tips When a real estate contract is listed as pending, it ...
What does accepting back offers mean exactly? Keep reading, and I will explain comprehensively what you need to know about backup offers. You could find yourself in a position where you might want to use this tactic in your real estate transaction. A contract has been signed between the first...
What Does Pending Mean? Realtors are asked all the timewhat pending in real estate means. A pending sale means that all of the contingencies have been met. Real Estate agents will move properties that have been contingent to pending when the contingencies will no longer hinge on a successful...
What does POA mean in real estate? Can somebody with power of attorney do anything they please? How can I revoke power of attorney I have given to somebody? Can a power of attorney transfer property to themselves? Can I give my Realtor power of attorney?
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So, what does under contract mean for you if you find a home that you love but already has an accepted offer in place? Well, if you really love the property or are in a very competitive market, it might still make sense to submit an offer, even if you know that your bid is a ba...
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What Does Discharge of Lis Pendens Mean? If you receive a discharge of lis pendens, it means your property no longer has a claim or lawsuit against it. Who Issues Lis Pendens? Anyone who believes they have a claim on a property can file a lis pendens with the Clerk of Court in the ...