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Fee simple title is the most complete form of ownership in real estate, granting the owner full rights to the property, including the right to use, sell, or transfer it. This title is not subject to any conditions or limitations, allowing for indefinite ownership, which can be passed down to heirs. It is the highest estate recognized by law, providing the owner with the greatest level of control over the property.
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What is disbursement fee?
A disbursement fee is a charge associated with the costs incurred during the processing of a loan or transaction. It typically covers expenses such as legal fees, title searches, or other administrative costs that arise as part of the disbursement process. This fee is often included in the closing costs of a mortgage or other types of financing. It is important for borrowers to understand these fees, as they can affect the overall cost of borrowing.
When was Francis Fee born?
Francis Fee was born in 1934.
When was Fee Klaus born?
Fee Klaus was born in 1902.
When was Thomas Fee born?
Thomas Fee was born on 1931-01-06.
What is commencement fee?
It is a fee used to pay for graduation things; speakers, food, ex.........
What is equitable fee simple?
Fee simple is the highest form of ownership of real property. Fee simple is absolute ownership. The owner in fee simple can sell the property or if they die while owning property it will pass to their heirs upon death by their will or by the laws of intestacy.An equitable fee simple would be an interest in real property that is something less than absolute ownership or fee simple. For example:A decedent died having a will and leaving their real property to their only child. The estate must be probated in order for legal title (fee simple) to pass to that child. If the estate is not probated that child would only own an equitable fee simple interest in the property. Their ownership would not be perfected until the parent's estate is probated.
What is fee title?
Fee Title or Fee Simple Title is the greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. A fee title represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee title dies intestate, the land will descend to the heirs.
What is a title fee?
a fee you pay for the title.
What does seized in fee simple mean?
That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.
How do you add a name to the title of a car?
The current owner and the person being added to the title go to your local Tax collector/DMV (whichever agency handles title work in your city/state ) and tell them to add the person to the title. Pretty simple. There will be a fee for a new title of course.
What is the difference between fee and fee simple?
Both fee and fee simple mean that you are the absolute owner of real property. You can sell the land or leave it to your heirs.
What the different between equitable fee simple and legal fee simple?
Fee simple usually means you have a deed reciting full ownership of the appurtenant rights in the property. Equitable title means you only have a contract right to sue for specific performance (in equity) to obtain the property deed. In other words, fee simple is the deed, and equitable title is the right to obtain the deed in court.Other Perspectives:If the town takes your property for failure to pay your property taxes you have an equitable interest until your rights of redemption have been barred by a court decree. If you pay your delinquent taxes before a decree is entered your fee ownership will be restored.Suppose your mother died owning a home and you are her only heir. She left the property to you by her will. Until her will is probated you only have an equitable interest in the property and not a fee simple interest. In order for you to acquire legal title, a fee simple, her estate must be probated.
My Husband and I own a home--both names on title--a fee simple title--we are in TX---if one of us dies---does properrty automatically go to the other----there is no wording that say it right of surviv?
It goes to the person who is alive.
What is the cost to transfer plates in IL?
The fee for Transfer Only is $15, and the fee for Title and Transfer is $80. ($65 title fee, $15 transfer fee)Source:http://www.sos.state.il.us/departments/vehicles/title_registration/transferring.html
Is a manufactured home classified as fee simple?
A manufactured home can be classified as fee simple if it is permanently affixed to a foundation and the owner holds the title to both the home and the land on which it sits. In this case, the property is treated similarly to traditional real estate. However, if the manufactured home is not permanently affixed and is instead considered personal property, it would not be classified as fee simple. Local laws and regulations can also impact this classification.
A estate restricts ownership of real property to a particular family bloodline?
A. fee simple B. fee tail C. determinable fee D. fee simple absolute ANSWER: B Fee Tail
How much does it cost to remove someone from the title of your car Is it the same price as transferring a title or getting a new title The person has agreed to remove their name What is the fee?
In most states the fee is the same as a title transfer.
