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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
Disgruntled buyers of real estate, and their respective improvements, may be faced with other complicated property law issues if a deed is conveyed as a result of a contract with an "as is" clause. In real estate, these are the larger potential problems than issues with the structure itself, which can be drawn out with an inspector.
The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds , mortgages , wills , probate records, court litigations , and tax sales —basically, any legal document that affects the property.
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.
They paid $6,000 for the car “as is” (without a warranty) and another $955 for a service contract, which would cover repairs for the first 12 months, or the first 12,000 miles, whichever came ...
Showcasing its Tennessee character, the four-bedroom, 7.5-bath mansion also features a grand entryway, long porch and even a personal barber shop. The for-sale listing for Jones' longtime ...
According to its listing, the five-bedroom, seven-bathroom, 6,553-square-foot home in Brentwood, Tenn., that the couple shared sold for $3.334 million on Tuesday, Oct. 2 — one day before the ...
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