Webtitle report and ensure that the Property is unencumbered by any title exceptions affecting the Seller ¶s ability to transfer unencumbered fee title to the Purchaser. In the event any such title exceptions are identified, then Seller shall either remove such exception or else refund the Purchaser's deposit described above. WebJan 31, 2024 · If an asset is unencumbered, that means it is free and clear from any liens or claims from the government or financial institutions. The owner listed on the title is the sole owner, and the asset can easily be sold or transferred to a new owner. For example, if a homeowner pays off their mortgage in full, they own the house free and clear.
202 Swallowtail Ln, Goose Creek, SC 29445 Redfin
WebDefine Unencumbered Real Properties. means Properties that, at all times, satisfy the following criteria: (i) Borrower or a wholly-owned Subsidiary of the Borrower holds good title (by fee or pursuant to a Qualified Ground Lease) to such Property, free and clear of all Liens (except for the Liens permitted under Section 7.2.3) and the Property Owner has no … WebJan 2, 2014 · So, typically, a city or county does not own the fee title to the property underlying the public right-of-way; the abutting property owners have that fee title, and that title usually extends to the centerline of the right-of-way. (Because this is a “general rule,” there are always exceptions.) red and black bath mat
Unencumbered Real Estate Definition Law Insider
WebFee Simple Title; Fee Simple Title ... the law requires that we use the “unencumbered fee simple” value of the property. Governmental restrictions such as zoning, flood plain designations, etc. are not considered to be an encumbrance and must be considered in arriving at a value. In most sales of homes and other properties, it is the ... WebFeb 9, 2024 · to amend the code of laws of south carolina, 1976, by adding chapter 17 to title 27 so as to enact the "revised uniform unclaimed property act of 2024"; to provide for the … WebOct 7, 2024 · 236.4.3.1 Fee Title. Unencumbered fee title gives its owner the right to use and enjoy the property in any manner, provided its uses are in compliance with prevailing laws and ordinances. Fee title represents the whole "ball of wax" from which many pieces or rights may be leased or conveyed. The fee shall run from center of the earth upward. klipsch bluetooth speakers preamp