Sentences with phrase «legal encumbrances»

You will receive a full report detailing the property history for you and your lender to insure there are no legal encumbrances between a new owner and the property being purchased.

He adds that although the project was in receivership by the previous developer, there are no lingering liens or other legal encumbrances attached to any of the properties or titles put forward for sale.

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

Not exact matches

This search will reveal the legal description, owner of record and any outstanding liens or encumbrances.

If there is a hold or your funds are subject to legal or administrative process or other encumbrance restricting their use;

An examination of title records to ensure that the seller is the legal owner of the property and there are no liens or encumbrances on the property.

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

Encumbrance — Anything that affects or limits the fee simple title to a property, such as mortgages, zoning ordinances, claims, liens, a pending legal action, leases, easement rights, unpaid taxes or restrictions.

In response, the Appellant commences legal action requesting a declaration the option is void for uncertainty (it does not indicate whether the Respondent is to assume the mortgages or receive the property free and clear of encumbrances).

A lien is a legal hold (encumbrance) on property, and that debt must be paid before the property can be sold or refinanced.

Her practice is concentrated in the areas of real estate and construction, with extensive experience in examination of title issues and resolution of claims relating to competing property interests, survey and legal description challenges, extinguishing liens and encumbrances, and resolving construction contract and defect disputes.

b) it provides the bona fide purchaser for value the complete legal title to the instrument without any encumbrance from title defects or other equities or other prior holders of the instrument (assuming the purchaser did not receive notice of any such defect in title or equity before making the transfer).

An encumbrance refers to any legal right that will interfere with your ownership in some way.

Once you flood the site with listings in which the data (room sizes, features, condition, disclosures, leans, encumbrances, chattels, fixtures, rights of way, zoning, taxes, environmental, safety, building code requirements, lot levies, clear title and the hundreds of other details a buyer has a right and need to know before making a decision) has not been verified by a Realtor who is under legal obligation to disclose fully and accurately, then what happens then to the integrity of Realtor.ca?

a title on a home free of encumbrances, such as liens or other legal questions regarding ownership.

The title company will research the history of the property, looking for encumbrances such as mortgages, claims, liens, easement rights, zoning ordinances, pending legal action, unpaid taxes and restrictive covenants.

Because the Parcel Register * reveals, as of the date of the search, who the legal homeowners are, the legal description of the property, the property identification number of the property, type of ownership, percentage of ownership, dates, registration numbers and amounts of registered encumbrances like liens, charges (mortgages), transfers and more...

SELLER»S DUTIES: Seller agrees to cooperate with Broker in the marketing and sale of the property, including but not limited to: If the Property is sold during the period set forth herein, the Seller agrees to execute and deliver a GENERAL WARRANTY DEED conveying fee simple marketable title to the Property, including legal access to a public right of way, free of all encumbrances except ad valorem taxes for the current year, utility easements, rights - of - way, and unviolated restrictive covenants, if any, and those encumbrances that the Buyer agrees to assume in the sales contract.

Topics we'll discuss in this course include the basics of real estate law, legal descriptions of real property, the process of transferring a title, encumbrances that occur in real estate, and the process of obtaining title insurance and escrow.

-- including a lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its due - on - sale clause due to any of the following prevalent circumstances: (1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the spouse or children of the borrower would become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

This will provide the buyer with legal evidence that he becomes the owner and is an alert to any issues or encumbrances that may exist.