Do you know the difference between equitable title and legal title? Equitable title is conveyed to the buyer when the seller signs the offer to purchase. A ratified sales contract creates equitable title. After closing and accepting the deed, the buyer receives legal title.
09/15/2008
The short anwer is most probably not. Liens of all types must be paid by the seller when property changes hands. Real estate tax liens have priority over all others. First mortgages usually come next. Then come mechanic's liens, second mortgages, water bills and other encumbrances. Federal and S
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09/15/2008
An appertenant easement can be released by the dominant estate. An appertenant easement is also released if the necessity for the easement no longer exists. An appurtenant easement is one of two primary types of easements. The other type of easement is an easement in gross. An easement in gross
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09/15/2008
Take the example of an imaginary agent name Anna Delong of PDQ Realty. Anna's client Oscar Funk wants to sell his house. So Oscar approaches Anna. Oscar signs a 90 day exclusive listing to sell his home. A week later, Anna decides to chuck it all. She moves to Canada and puts her license on inact
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09/15/2008
An imaginary developer named Harold Dumas owns a 100-acre tract of land along a major river. Harold plans to build a river front community on this property. However, just before Harold applied for his building permit, he learns that the County has changed the zoning on his land. He is now prohibi
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09/15/2008
Something to consider for those of us in the Chesapeake Bay watershed.Conserving resources electricity, water, money is an important step toward leading a sustainable lifestyle (both personally and environmentally). People strive daily to save money, and yet many do not make the connection betwee
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09/14/2008
One of the busiest intersections in Old Town Alexandria occurs where Prince St. crosses Washington St. This intersection is dominated by a memorial of the U.S. Civil War. Over the years, and on several occasions, drivers have crashed their vehicles into the statue. As a result some folks filed p
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09/14/2008
In 1669 John Alexander bought the land that became Old Town from an English ship captain. John Alexander paid the tidy sum of 6,000 pounds of tobacco. Almost twenty years later, the town of Alexandria was formally established in 1749. Today, visitors, tourists and travellers alike come to Alexand
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09/14/2008
From Galveston Texas:Galveston, Texas is a barrier island. And it is where I was born and lived for most of the first 65 years of my life; the last three in Dallas. I know the island so well -- its past and its present -- that for 10 years I wrote its history and its people's stories through we
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09/13/2008
Tales from the home inspector.I don't like doing home inspections if I'm going to be the only person on the property. I'm kind of a social animal, so I like company. Actually, I like company because I'm in a dangerous profession playing around with plumbing, electricity, ladders, and the like. If
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09/13/2008
