Is There An REO Addendum In Texas? Tim Hicks (Texas) REO appraisal assignments almost always require an REO addendum. There are no detailed lists provided to the appraiser. The appraiser makes a detailed list on what repairs are needed and estimated cost to bring the property to average marketable condition. What is an appraisal addendum
What Are Three Types Of Property? In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). What are the 4 types of properties? There are four basic properties of numbers: commutative, associative, distributive, and identity. You should be familiar with each of
What Deed Warranty Guarantees That The Seller Is The Actual Owner Of The Property Being Conveyed? What deed warranty guarantees that the seller is the actual owner of the property being conveyed? General Warranty Deed the covenant of seisin, meaning that the grantor warrants they own the property and has the legal right to convey
What Is A Quiet Title Action In Washington State? In Washington State, there is a type of lawsuit called a quiet title action. A lawsuit to quiet title is sometimes necessary if the original description of the property was incorrect, or if there are multiple parties who claim ownership to the same parcel. Sometimes a
What Is Corporeal Property? Corporeal property is having legal rights over such subjects in existence that are tangible and palpable like land and chattel. An example of a corporeal property would be a house, while an example of an incorporeal property would be a trademark. Is land corporeal property? The statutory definition is as follows;
What Is The Difference Between Real Property And Real Estate? Real estate is a term that refers to the physical land, structures, and resources attached to it. Real property includes the physical property of the real estate, but it expands its definition to include a bundle of ownership and usage rights. What are examples of
What Is The Difference Between Private Property And Personal Property? Personal property or possessions includes “items intended for personal use” (e.g., one’s toothbrush, clothes, and vehicles, and sometimes rarely money). … Private property is a social relationship between the owner and persons deprived, i.e. not a relationship between person and thing. What makes a property
What Is The Legal Definition Of Personal Property? Any movable thing or intangible item of value that is capable of being owned by a person and not recognized as real property. What would be considered personal property? Everything you own, aside from real property, is considered personal property. This includes material goods such as all
What Is The Tax Paid On Property You Own Called? Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. Most commonly, property tax is a real estate ad-valorem tax, which can be considered a regressive tax. It is calculated by a local government where
What Is The Principal Purpose Underlying Legal Descriptions Of? What is the principal purpose underlying legal descriptions of real property? to create a consistent unchanging standard for locating property. What is a distinctive feature of the metes and bounds system? they identify an enclosed area, beginning and ending at the same point. What is the