A right or interest in property held by a third party, which often limits the use and diminishes the value of the property, but usually does not prevent the transferring of title. The more common forms of incumbrance are:
Taxes, water rents and assessments for local improvements that have become liens upon the property to which a contract or conveyance relates.
Mortgages.
Recorded judgments.
Property lease.
Lis pendens giving notice that an action or proceeding is pending in the courts affecting the title to the property.
Mechanics' liens for work or labor done or material furnished for use on the subject property.
Building or other structural encroachments on the property.
Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes:
developing a realistic market price.
setting a market value at the time ...
Large, high-volume food store where customers serve themselves by going through the aisles and selecting their groceries to be paid at the cash register on the way out. ...
Various governmental restrictions and controls placed upon land use in a given jurisdictional area. Land use regulations include zoning and building ordinances, housing codes, and ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon
took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Clause inserted into a commercial lease by a mortgagee stating the lessee's current lease will not be terminated if there is a foreclosure action against the landlord for the failure to ...
Land located next to water that has and will continue to experience water damage. The land generally is not suitable to build a structure on. In some cases, federal or local government may ...
Located in Pender County, Hampstead is an unincorporated North Carolina community with ample waterfront access and a small community of around 5,700 residents. With the large city of ...
Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...
Located on the Gulf Coast, right around the middle of Florida’s western shore, Tampa is slowly but surely becoming one of the best cities in the state and country. The growth in job ...
Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...
In 2020, our financial lives revolve around our credit scores. Want to buy a car? Better have good credit! Want to lease a house? Good credit is a must. Applying for a new credit card? ...
They always say that dogs are a human's best friend, which is true! Dogs are such amazing animals. They can comfort you when you're having a bad day, celebrate your success with you, or ...
When someone decides to sell their home, they might not want to go through the whole process of getting a home ready to be sold. That means that they won’t make any further ...
The town of Bluffton SC is not an impressively large area with a large population. Covering an area of 54 square miles and having a population of about 23,000 people, the town of Bluffton ...
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