Real Estate Contracts and Municipal Lien Searches
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Paragraph 9(c) now provides municipal lien search parameters. Several tweaks were added to seller’s obligations where there are permit or building code issues as well as other housekeeping modifications. Live versions of these updated contracts will be available through Form Simplicity and other forms vendors on April 4, 2017.
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What is Construction Lien Act. The concept of a lien goes back to medieval times when it initially applied to ships. In North America, Thomas Jefferson and James Madison came up with the idea of.
In real estate, an association estoppel is defined as a legal document obtained from a property’s governing homeowners’ association and certifies all outstanding fees or fines due as of a certain date. This is vital for buying property in an HOA. Here are some other terms for an estoppel.
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A title search is a must before making any real estate purchase. title searches ensure that the seller has the legal right to sell the property, and that there are no other encumbrances (such as liens, mortgages etc.) or property line issues that could prevent the buyer from taking full possession.
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That concludes Part 2 of 2 discussing the remaining changes to the new FAR-BAR contract. If you have questions or are looking to speak with experienced real estate lawyers in Miami-Dade or Broward County, contact Jordan + Pascale at 305-501-2836 or visit us at JordanPascale.com
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Viktor Gjonaj is 6-foot-6 but no one can find him. The metro detroit commercial real estate executive hasn’t been heard from. His firm that formed less than two years ago also has the contract to.
Property Debt Research specializes in Municipal Lien Search and HOA / Condo association estoppel research. Property Debt Research has decades of experience and service to title agents and real estate professionals. We provide municipal real estate research services to Florida and Nationwide.