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Addendum for Possession after Closing - Legally Binding: Real Estate Legal Forms Book book kindle
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Heir: A person inheriting property by provision of law or provisions of a willMechanic’s Lien: A legal lien on real estate where service providers (contractors, laborers and materialmen) receive priority of payment for the price or value of work performed and materials furnished in construction or repair or improvements to a propertyMortgage Life Insurance: A policy that fulfills the obligations of a mortgage when the policyholder diesSales Comparables: Properties that have recently sold in a predetermined area and are used to gauge the current market value of a property due to their similaritiesVERIFIED BYCOUNTY ON THE DAY OF, 20 Everything must be in writingCertified of Reasonable Value (CRV): In a VA-guaranteed mortgage, this is a document establishing the maximum value and loan amount$ BALANCE of the Purchase Price in cash at Settlement .other permanently attached items now on premises.) The Assignor warrants and represents that said contract is in full force and
(SEAL) Marketable Title: Ownership of real property that is free and clear from claims such has liens or mortgages, which allows for the free transfer of the property to a new ownerMultiple Listing Service (MLS): A service that accumulates property listing data for all its members and makes it available for their useDo not sign or use this document if you do not have your own independent legal counsel, unless you waive the right to suchA BPO is based on the characteristics of the property being consideredBefore the offer (or counteroffer) is accepted, the offering (or countering) party can withdraw itwritten consentHarry Marsh Law This general lease was originally drafted by Harry Marsh Law ("HML")If the transaction is properly structured, the seller’s profit or gain is deferred to a future date
Sellers should know the zoned status of the property to be sold and disclose this information to prospective buyersThe buyer(s) signing the real estate contract are liable (legally responsible) for providing the promised consideration for the real estate, which is typically money in the amount of the purchase priceDesk Fees: A fee charged by a brokerage or real estate company for the use of a desk by a real estate agentThe property and all of its components are in (f) Good Title, Legal Access: Seller shall execute and deliver a GENERAL WARRANTY DEED for the Property in recordable form no later than Settlement, which shall convey fee simple marketable and insurable title, without exception for mechanics liens, and free of any other liens, encumbrances or defects, including those which would be revealed by a current and accurate survey of the Property, except: ad valorem taxes for the current year (prorated through the date of Settlement); utility easements and unviolated covenants, conditions or restrictions that do not materially affect the value of the Property; and such other liens, encumbrances or defects as may be assumed or specifically approved by Buyer in writingFreehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title, life estates, remainder estates, and freehold easements
One point equals one percent of the loan amountfull force and effect as constituted prior to said disasterDo not hold us accountable for the use of these documents, their legality in your particular circumstances or the liability that you assume by trying to 'play' lawyerLease: An agreement where property can be used in exchange for rent for specific periods of timeImpound Account: An account a lender uses to retain funds to cover items such as taxes and hazard insurance premiumsIdentify the purchase price: The amount of the sales price or a reasonably ascertainable figure (an appraisal to be completed at a future date) must be on the contractBuyers must understand that it is a breach of the real estate contract to fail to pay the earnest moneyFlood Insurance: Insurance for flooding that must be pre-paid annually for a property in a FEMA-designated flood zone 07f867cfac