types of ownership: FEE Simple or NOT?
- 03/31/07 01:34 AM
What type of Ownership should you have when purchasing you property? Well, That may depends on what State your purchasing a home in. However just what does the words real estate mean. The word real means relating to a thing (from Latin res, matter or thing), as distinguished from a person. The law broadly distinguishes between real property (land and anything affixed to it) and personal property which is everything else. The difference was between immovable property, which would transfer title along with the land, and movable property, in with which you can retain title. In more todays systems and coming from English law, classification of property as real or personal may … (1 comments)
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