Fee Simple

Fee simple is a term that refers to real estate or land ownership. The owner of the property has full and irrevocable ownership of the

Executor’s Deed

An executor’s deed is used to transfer real property from the estate of a deceased person to an heir pursuant to the terms of a

Eminent Domain

The power of a state, provincial, or national government to take private property for public use. Also known as Condemnation.

Encroachment

Encroachment is a situation in real estate where a property owner violates the property rights of his neighbor by building on or extending a structure

Easement

A nonpossessory right to use and/or enter onto the real property of another without possessing it.

Distressed Property

Distressed property is any property that is under foreclosure or being sold by the lender. Normally, a distressed property is a result of a homeowner

Deed in Lieu of Foreclosure

When a property owner surrenders the deed to the property to their lender in exchange for being relieved of the mortgage debt.

Deed

A deed is a legal document used to transfer rights to an asset or a real property from one person to another. A deed is

Covenants, Conditions and Restrictions

Covenants, conditions and restrictions (commonly referred to as CCRs) are the written rules and restrictions pertaining to the use of property.

Cooperative

A housing cooperative, commonly referred to as a co-op, is a corporation formed to share ownership in a single property among multiple residents. In a

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