Real Estate Reference Encumbrance
Wednesday 23 May
Southwest Multiple Listing Service Home · Login · Site Map  

Real Estate Terms
Real Estate Terms Full List
Search Real Estate Terms
Real Estate Articles
Search Real Estate Articles
Login
     
 

Encumbrance

 
     
  A legal right or interest in land that affects a good or clear title, and diminishes the land's value. It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. An encumbrance does not legally prevent transfer of the property to another. A title search is all that is usually done to reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase with the encumbrance, or what can be done to remove it.  
 

 
  send suggestion  ·  print "Encumbrance" definition  
 
FSBO Website Design copyright ©2004 - 2018 David B. Zwiefelhofer. Copyright of articles held by their authors unless otherwise noted. All rights reserved.  

 Other Real Estate Sites: Page Not Found on For Sale By Owner New Mexico