Sentences with phrase «clear ownership of the property»

In such situation, title insurance will ensure that your back is covered if you later discover that there are issues that may prevent you from having clear ownership of the property.

In a perfect world, no one would sell a home without triple - checking that they had free and clear ownership of the property and could transfer the clean title over to you.

Not exact matches

A title search looks into the background of a property's title — that is, the document that shows proof of ownership — to determine whether or not it's free and clear of disputes.

In his Listen America Falwell contends that «the free enterprise system is clearly outlined in the Book of Proverbs» and that «Jesus Christ made it clear that the work ethic was a part of His plan for man,» that ownership of property is Biblical.»

Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.

Overall, the closing process seeks to answer three main questions: how likely you are to repay the mortgage, how much the property is worth, and whether the property has a clear history of ownership.

Clear Title: A title that is free of liens and legal encumbrances on the ownership of personal property.

Clear Marketable Title A title that is free of liens, encumbrances or legal questions as to ownership of property.

An Affidavit of Ownership can make clear how you purchased or inherited a piece of real property or a vehicle.

Given the clear mandate in the Final Decree that Wife is entitled to full ownership in the subject properties, it was the duty of the family court to effectuate the division of marital property as written in the Final Decree.

Clear title just means that there are no other liens or claims against the ownership of the property.

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

When you have no specific properties in mind, a good Realtor ® with an intimate knowledge of the local area and a highly professional approach to real estate will prove one of the most invaluable contacts you will ever make on your journey towards property ownership, because most of the time, there will be an abundance of properties to choose from, and having someone who can steer you clear of certain properties which do not fit your plans, or in areas that would not suit you, can save you valuable time.