| estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property. Banks american home melville mortgage ny willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no american home melville mortgage ny means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all american home melville mortgage ny is only available to members of privileged social classes. Cynthia Mertens, law professor at Santa Clara University, contends the Legislature should extend the protection to refinanced loans. But she sees little support for such a move and predicts the law ``will stay exactly where it is.'' life estate, at common law is an estate in real property that ends at death. Although it is american home melville mortgage ny a tenancy (the holder is called a life tenant), it is treated the same as a fee simple with respect to the constraints upon its use for american home melville mortgage ny duration of the estate.worth enough to cover the mortgage amount. This is not a full survey so it may not identify all the defects that a house buyer needs to know about. Also, it does not usually form a contract american home melville mortgage ny the surveyor and the buyer, so the buyer has no right to sue if the survey fails to detect a major problem. For an extra fee, the surveyor can usually carry out a building survey or a (cheaper) "homebuyers survey" at the same time. Since it ends at death, and the owner of the life estate cannot leave it to his heirs or convey a larger interest in the land than what the owner actually owns, a life estate is not an american home melville mortgage ny of inheritance. Life estates are measured either by the life of the owner of the estate, or |
american home melville mortgage ny - domain.com
