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If it is NOT a short sale and bank owned it usually involved a relocation. Many companies provide their employees with a relocation package to get them to move to another corporate location. They usually have 90 days to sell it with their real estate agent and after that period the relocation company buys it from the employee and puts it on the market. These can often be decent deals because the relocation companies want to unload the property in a timely fashion. The downside is that the buyer has to deal with a corporate bureaucracy that is slow to respond and averse to making repairs that may be needed.
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What does R E O mean in real estate?
REO is an abbreviation for Real Estate Owned and refers to property which is in the possession of a lender as a result of foreclosure or forfeiture.
What is a corporate farm?
It is farm that has had the "corporate" business label added to it due to legal and accounting benefits that the owners wish to take advantage of. It doesn't mean that it's a large operation nor that it is not family-owned; around 98% of all such farms are family-owned and operated.
Ownership life cycle in real estate mean?
Ownership Life Cycle is the period during which one person or group owns a real estate asset. it typically has three phrases - acquisition: organization of the venture and development or purchase of the property - operation: property management and management of the company which owns the real estate - Disposal or termination: sale of the property and dissolution of the company, exchange of property, foreclosure, gifts etc
What does pta mean in real estate?
Property Tax Assistance. Check with your applicable state for specific programs available to assist you.
What does zoned for C2 mean in real estate?
check with your local zoning office but C2 is typically "Commerical" use property.
What does Corporate owned property mean?
a corporate owed home is owned by a corporation to help relocation of employees.
What does estate mean?
A person's estate is all the property owned including real and personal property. In another sense an estate is a large piece of landed property with an elaborate house on it.
What does R E O mean in real estate?
REO is an abbreviation for Real Estate Owned and refers to property which is in the possession of a lender as a result of foreclosure or forfeiture.
What does she left her whole estate to her husband mean?
That would mean the decedent owned property in her own name when she died, made a will before she died and she devised (left) all her property to her husband in her will. He inherited everything.
What does the term estate mean?
All of your assets. Your home or other land you might own, money, bonds, possessions, anything that is to be disposed of or distrubuted after your death.
My mother refuses to give me the life estate property left to us by my grandparents can she do this?
If the property was left to both you and your mother, she cannot unilaterally refuse to give you your share. You may need to seek legal advice to enforce your rights to the property as per the terms of the will or trust that left it to you both.
What does broker owned mean for rent?
It just means that the place that is for rent is owned by a real estate broker. They have to tell you that it is broker owned.
What does it mean for rent broker owned?
It just means that the place that is for rent is owned by a real estate broker. They have to tell you that it is broker owned.
What does 'real' mean in 'real estate'?
The word 'Real' in real estate stems from the Spanish word meaning Royal as in 'Real Madrid' and pertains to the historic era in which immovable property was only owned by Royalty. Over the centuries property has become available for purchase by anyone but retains the former root word as identification.
What does real estate taxes mean?
The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.
Your child is your x husbands oldest child and he is separated from his current wife who has the rights to his estate?
The question is totally unclear. WHO has the rights to WHOSE estate? Whose estate are you asking about? The oldest childs, or the ex-husbands?AnswerIf by estate you mean the property one leaves after death, your child may be entitled to a portion of her father's estate if he died intestate (without a will) and owned any property in his sole name. You can check the laws of intestacy for your state at the link provided below.
What does LE mean after property owners names in Minnesota?
life estate ?
