Search results
Results from the WOW.Com Content Network
What is an alienation clause in real estate? An alienation clause is a provision in a mortgage contract requiring the seller to settle any outstanding balance — including any principal and ...
In property law, alienation is the voluntary act of an owner of some property to convey or transfer the property to another. [1] Alienability is the quality of being alienable , i.e., the capacity for a piece of property or a property right to be sold or otherwise transferred from one party to another.
An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.
A restraint on alienation, in the law of real property, is a clause used in the conveyance of real property that seeks to prohibit the recipient from selling or otherwise transferring their interest in the property.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
A certified check is a useful and safe payment method because the funds are guaranteed by the issuing bank. Many banks charge a fee to issue certified checks, which can be up to about $15 per ...
In most jurisdictions, the real property interest created by the contract will pass to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate. The State of New York does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss ...
A certified check is a personal check that has been verified by a bank. A certified check is typically used for a large financial transaction or in a situation when the buyer and seller hasn't ...