Definition of "Convey"
To sell property from one to the other and transfer all title and interest. Property is conveyed by bill of sale, contract, deed or other instrument.
Popular Real Estate Terms
The grantee who is the tenant of a life estate. When the tenant dies, the estate goes back to the grantor. For example, President Eisenhower and his wife, Mamie, were life tenants of the ...
(1) The interest rate used to convert future receipts or payments in connection with real estate property to their present value. The cost of capital is used as the discount rate under the ...
Organization that manages the relocation of the employees of client companies from one area of the country to another. A relocation service will manage home sales and purchases in another ...
The difference between the present value of cash inflows generated by real estate and the amount of the initial investment. The present value of future cash flows is computed using the cost ...
Provision guaranteeing the return of title to a mortgagor upon satisfaction of a mortgages conditions and terms. Causes the discharge of a mortgagees estate interest in a property. ...
You’ve put your home on the market and are receiving offers. The next logical step is to sell your house to the buyer who offers you the highest amount of money and start the closing ...
market in which there are comparatively few bids to buy or offers to sell real estate. The term relates to a single investment or to a particular investment market, such as the real estate ...
Accumulation of housing units deemed substitutable by homogeneous households, such as those having comparable attractiveness and usefulness. ...
Upgrading made by a lessee to leased property. Examples are paneling and wallpapering. These improvements revert to the lessor at the expiration of the lease term. As improvement costs are ...
Comments for Convey
In sale of real estate when it is held in a revocable trust, what does it mean when trustee has power to sell real property with or without security
Jun 21, 2021 19:51:46Hey Frances! Thank you for reaching out to us. A property held in a revocable trust can be sold by the trustee with or without security. There are two instances and both will be explained.
If the trust is funded during the grantor's lifetime, real property or other assets require registering securities in the name of the trust. Here the security is required.
However, if the trust is funded after the grantor's death when the probate court "pours" the estate into the trust, including real estate, registering securities is not required.
In both of these instances, the trustee can sell the grantor's real estate property.
For more exact explanations you should contact a real estate lawyer or an attorney.
Jun 25, 2021 11:47:31Have a question or comment?
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