Clear title is a term used in real estate law to refer to a property title that is free of any liens, claims, or encumbrances that could potentially affect the ownership of the property. It means that the property is solely owned by the person or entity listed on the title and there ar...
We have lived in our single family 1300 sq. ft. home for 15 years. We have a clear title to the home; however, my hubby is dying to get into this real estate market to upgrade. We are outgrowing our home since we have two small boys who are likely to be over 6 ft. Can we ju...
When a property goes through the foreclosure process, it may not have a clear title. There could be unpaid property taxes or a distant relative might show up with a claim to the property. To protect against any title issues, buyers of real estate owned properties would be wise topurchase t...
Whoever holds the house title has the rights of the real estate. When it comes to buying real estate, you might not be the first person to hold the title. With that, it’s important to make sure everything is clear before moving forward. Most mortgage lenders will require a title ...
If an exception in the affidavit of title is an area of concern for the buyer, the buyer can notify the seller that the item must be remedied prior to closing. This could be as simple as having the seller clear a lien or something more involved such as paying for an updated survey of...
Aclear title—meaning there are no liens against the property—is required for any real estate transaction to go through properly. Zoning The buyer may have wanted the property for a use that doesn't match currentzoningregulations. The seller might seek a variance while the property is in escr...
This concept most commonly comes up in real estate law, and can involve making disparaging comments about the condition of a property or the clarity of the title itself. It can come up in other areas of the law as well; essentially, in any situation where there is property involved, making...
4. D) It is offering a big reward to anyone who helps.5. B) Help people connect with each other.6. C) It does not use volunteers.7. D) They will find they have something in common.8. C) Preparations for Saturday’...
What is a warranty deed vs. a deed of trust? Both a warranty deed and a deed of trust are used to transfer title in a real estate transaction but are used with different protections in mind. A warranty deed ensures that the previous owner of the home had clear title to the property,...
Once all contingencies are settled (or if there are no contingencies in the first place), the home sale is pending. The seller can't back out of the sale, unless the buyer fails to meet a contractual obligation (such as if their deposit fails to clear). However, they could still receiv...