Title Defect
Title deficiency that prevents a seller from successfully transferring property to a buyer. A title company may discover a title defect ( due to encumbrances against the property or failure of a former co-owner of the property to sign a deed transferring the title, etc.) in preparation for a closing, effectively blocking the sale of the property until the defect is resolved.
Popular Real Estate Terms
Opinion of a judge having no direct legal or binding effect on the outcome of a pending judicial decision. An obiter dictum is considered to be an incidental judicial remark about some ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Pipes from a structure to a sewer for the purpose of sewage disposal. ...
The Principle of conformity states that conformity is achieved when all the entities or objects comply to the same standard, rules or laws. This creates a balance and stability between ...
Regarding the definition of the term adjoining, we see a term used most often to describe a particular position that objects, items, or properties have regarding each other. In the case of ...
Government compensation to farmers not to grow products to preserve the land and maintain stable agricultural products. ...
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Federal tax legislation notably establishing 10% withholding on interest and dividends. ...
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