| Property with a View |
|
| Many homeowners purchase property because of the view. In fact, a good view can add significantly to the value of a home. Generally speaking, however, a property owner has no right to a view. More... |
|
|
| Life Estates |
|
| Generally, when a grantor transfers land to a grantee, the grantee receives the entire right and title to the property, without limitations. Sometimes, however, the grantor chooses to limit the grantee's right to the use and enjoyment of the land by creating a life estate. A life estate is an estate in land that ends when a named person dies. It is used primarily for estate planning as a device to allow successive ownership of the land.
More... |
|
|
| Pre-Closing Occupancy |
|
| In the real estate market, it is not uncommon for a buyer to ask for permission from a seller to move into a house prior to closing. It may be that the house involved in the transaction is vacant. It may also be that the buyer has sold his or her house and needs to vacate the old house prior to the closing on the new house. More... |
|
|
| Marketable Title and How It Is Affected by Liens |
|
| A entered into an agreement of sale with B wherein A agreed to purchase certain real estate. Among other items in the agreement, B specifically agreed to convey "marketable title" to A. The title inspection ordered by A revealed numerous liens against the real estate, including tax liens and judgment liens. More... |
|
|
| Land Installment Contracts |
|
| A land installment contract, also known as a contract for deed, is a financing mechanism where title to real property remains in the seller until the buyer has paid the sale price of the property in full. The buyer is required to pay the sale price in installments over a period of years. More... |
|
|