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Listing price may not be sufficient to cover all encumbrances closing costs or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties?
Wiki User
∙ 15y ago
It's short sale property listing.
Wiki User
∙ 15y ago
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What is a seller's affidavit of title?
A statement, under oath, that the property being conveyed free of defects or encumbrances since the date of issue of title insurance commitment, or in other words, since the seller's acquisition of the property. A seller's affidavit of title does not substitute for a full title examination and doesn't mean that you shouldn't buy an owner's title policy.
What are real estate title companies?
Title companies research the chain of title for the property before a home is bought. They make sure there are no liens, clouds on the title, or other encumbrances by doing a title examination. Basically they make sure the record title is A-OK. They can also perform the closing and can also hold deposit escrow money while the deal is pending.
How many hours does a owner of a hotel works?
When the owner did right, the hotel works, not the owner. An owner of a hotel will have to have a management-contract with a company to get sufficient guestroom-occupancy. The management-company will operate the property.
What if the title insurance company does not record the deed?
If the title company fails to file a conveance deed or a security instrument of record in the county that the property is in you will need to file a claim with your owner's title policy or the lender would need to file a claim on their mortgagee policy
What is another name for real estate agent?
Property Dealer, Property Consultant and Property Agent.
What does no restrictions or provisions mean on deeds?
That means the land is transferred free of encumbrances or additional rights that inure to the property. However, encumbrances are not always mentioned in deeds. That is the reason why every purchaser should arrange to have the title examined to determine if any encumbrances were mentioned in prior deeds.
How do you go about condemning a house?
Once you have the seller's information and you have the property information you need to talk to the city to see what encumbrances are on the property and what you will need to do to have them removed. Lenders normally will not lend on this type of property so you will need to work with unconventional lenders to purchase and repair the home. Once the repairs are complete and any encumbrances are removed you can refinance with conventional loans.
What is allodia?
Allodia is the plural form of allodium. This refers to freehold land or property. y encumbrances such as liens .and mortgages
Is a credit check done on property or the persons name?
On the person whether a natural person or a corporation. Properties are checked for liens or other encumbrances on the title of the property.
What do you get when you buy a house?
You get the parcel of land, the dwelling and any other structures attached to it, all the rights that inure to the property such as easement rights and rights of way, and any encumbrances that affect the property.
What does Home equity mean?
Home equity in Florida (or any other state in the country) refers to the net worth of a property, from the point of view of its occupant. It is defined as the market value of the property less any encumbrances on the property.
What does home equity florida mean?
Home equity in Florida (or any other state in the country) refers to the net worth of a property, from the point of view of its occupant. It is defined as the market value of the property less any encumbrances on the property.
What if the process of purchasing has started how will the lender know that a lis pendens been file?
A lender has the title to the property examined for any encumbrances prior to the closing. Any liens or other encumbrances such as a lis pendens will be reported and will need to be resolved prior to or paid at the time of the closing.
Can the executor sell property in Massachusetts without all beneficiaries approval?
Yes, the only approval necessary is the court's.
What is a property of conditioned muscles?
they rely less on fat breakdown and more on glucose oxidation for energy
How do you get a clear deed?
By having a title examination performed by a professional to insure there are no outstanding encumbrances and that the owner owns 100% interest in the property. Then get a Warranty Deed from the owner.
Where do you find if there are deed restrictions for your property?
First, read your deed. There may be restrictions recited in the deed. However, deeds do not always mention all the restrictions and encumbrances that affect the property. You should also contact the attorney who represented you when you purchased the property and request a copy of the title report. It should list any encumbrances that affect your property.
