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Clear title means that the title to a property doesn’t have any liens or other issues attached to it. It’s about ownership, and who does — or does not — have a claim to legal ownership on ...
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1] A title search is also performed when an owner ...
t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...
"Squatting" can result in "adverse possession", that in common law, is the process by which title to another's real property is acquired without compensation, by holding the property in a manner that conflicts with the true owner's rights for a specified period of time. Circumstances of the adverse possession determine the type of title ...
Governments use one of three methods to determine a property’s value: The sales comparison method: An assessor compares a property to similar properties that have sold recently in the immediate ...
A property survey legally defines the boundaries of a plot of land. Mortgage lenders and/or title companies may require one when you're buying a house. You may also need one when making certain ...
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