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the final hour
Terms in this set (8)
Tenancy by entirety
You and your spouse own your house in a form of ownership in which neither of you can sell the house individually. Your form of ownership is most likely:
If an unmarried couple wished to purchase a home together and have the right of survivorship, which form of ownership would they choose?
current and subsequent owners.
Restrictive covenants are valid against:
By any property owner, usually the developer or current owner of the subdivision.
CC&Rs can be recorded by whom
"according to value".
only environmental hazards that requires abatement by the seller (owner) before transfer or sale
Sales Comparison Approach
You are appraising a property in which seller motivation is a significant factor. This is most important under
Bank A holds a lien on a home on which Bank B already had a lien. The lenders subsequently entered into an agreement in which Bank A moved into a first lien position
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