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Preventing property fraud is critical because once your property has been sold to a third party, you will no longer be the legal owner and it can take a long time and a lot of money to go to court ...
Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4. However, a contract was formed on Day 3 when the letter of acceptance was posted.
For one thing, if the targeted property is vacant land, it can be months — or even years — before the real owner even discovers the fraud. Also, this type of scam is not a separate category in ...
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
The most common time periods allot to debtor(s) is usually 30 days, but for commercial property it can be 10 days. The notice of acceleration is called a Demand and/or Breach Letter. In the letter it informs the Borrower(s) that they have 10 or 30 days from the date on the letter to reinstate their loan.
His clients bought, renovated, and flipped the property before the hurricanes hit. The house was on the market, and they were seeing interest — until the flood waters rose. The house was ...
Our 9-step guide to a smooth, successful home sale. Key takeaways. The process of selling a house can take quite some time, so it’s crucial to plan ahead and stay organized.
Fee simple conditional: An estate lasting forever as long as one or more conditions stipulated by the deed's grantor does not occur. If such a condition does occur, the property reverts to the grantor, or a remainder interest is passed on to a third party. Fee tail: An estate which, upon the death of the tenant, is transferred to his or her heirs.