Search results
Results from the WOW.Com Content Network
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 mentioned, "marketable title" may be specified, implying a warranty deed should be provided.
The risk of loss is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has failed to protect it. Such issues can and ...
In contract law, a land contract, (also known as contract for deed or agreement for deed), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments.
But the first veterans to be exposed had to wait nearly 30 years before Congress passed the Agent Orange Act of 1991, which established a link between the herbicide and certain cancers and diseases.
Also, those who purchase ownership interests in the owners of the property, such as shares of stock in a corporation owning the land, have not purchased an interest in the property itself and so are unprotected. Also, recording laws generally do not protect purchasers against real estate taxes because notice of them is usually not required to ...
Image source: Getty Images. It's far more expensive to buy a home now than it was just a few years ago. The average 30-year mortgage rate at the beginning of 2022 was about 3%, and it wasn't ...
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.
A 90-year-old New Yorker is facing eviction from his Brooklyn home of over 50 years after he says he fell victim to a deed scam — 18 years ago.. Ray Cortez’s plan to live out his days in the ...