What purpose does a legal description serve?
What will be an ideal response?
The purpose of a legal description is to provide the exact boundary lines of a specific parcel of real property, indicating where one property ends and another begins. A legal description, rather than simply a street address, is required on many closing documents, such as deeds, title policies, and mortgage loan documents.
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In a tenancy in common, if a deceased co-owner does not have a will, the real estate cannot be transferred
A. True B. False
Today, a title searcher must be able to search both electronic and paper records
A. True B. False
What information would be filled in the category of "witnesses"?
What will be an ideal response?
Joint tenancy in common and tenancy by the entirety are examples of:
A) personal property. B) real property. C) concurrent ownerships. D) remainders.