Check out what is a deed in real estate and what are the main processes of deeds: registering, locating & transferring. Find out what are the parts of a deed.
What is estate planning? Estate planning is the process of arranging how to leave your money, property and possessions to loved ones when you pass away. It also focuses on passing on your assets during your lifetime in line with your wishes – meaning you can enjoy seeing the positive benef...
What is REO foreclosure? If the home doesn’t get a satisfying offer at auction, the lender or mortgage owner (which can be a bank or a government entity like Fannie Mae, the U.S. Department of Agriculture or HUD) takes possession of the home, making it an REO, or real-...
What is the difference between personal guarantee and corporate guarantee? What is the difference between a trust and a life estate? What is a special warranty deed? What is the due diligence process in real estate? What is conformity in real estate?
Closing day is the final step in what is often a lengthy process – also called “closing” – associated with a real estate sale. It can take a couple of months between signing a purchase agreement and reaching closing day. For homebuyers, closing is the day they officially take over owne...
When to Make a Living Trust What Do I Need Besides a Living Trust? What Is a Life Estate Deed? How to Set Up a Trust: A Comprehensive Guide for 2025 What Does a Living Trust Do? What Is an Irrevocable Trust? How Trusts Are Taxed: A Guide for 2024 and 2025Top...
Always ensure that any property transaction, such as a sale or transfer, is properly documented and recorded with the appropriate government office. This includes recording the deed and any other relevant documents. It’s essential to note that having an estate plan is important, bu...
A buyer who finances a real estate purchase receives two important items at closing. The first is the deed, which is the legal document that transfers ownership of the property from the seller to the buyer. The other is the mortgage loan promissory note, which is the buyer's contract to ...
The life estate deed within a life estate is a document that grants the owner the ability to pass on ownership of a property without including it in a will as part of their estate assets. The property doesn't have to go throughprobate, the court process that's used to distribute bequest...
a form of ownership by a married couple with the intention of owning property together during the marriage. Both spouses have the right to sell or transfer half of the property orwill it to another individual. Aside from real estate, all property acquired during the marriage is deemed community...