Know What It Means To Have An Encumbrance

A reconveyance deed is commonly used to remove an encumbrance to “reconvey” a clear title to the property owner. The most common types of real property encumbrances are mortgages, property tax liens, and deed restrictions. When a mortgage is paid off, the encumbrance is removed

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Deed Of Trust: What Does It Mean?

A deed of trust is a legal instrument that serves as an agreement between a lender and a borrower to place a piece of property into the hands of a third party as a trustee. The third party holds the property until the borrower can pay it off, but the borrow retains all of the responsibilities for

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Comparables: The Best Way To Understand The Value Of Your Property

A comparable is the best way for a real estate owner to understand where the value of his or her real estate stands. The short hand way to understand a comparable is to understand it as a way to value real estate against other real estate in the area. A piece of property that is relatively in the

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