A mechanic’s lien is a legal claim filed against real property to secure payment for unpaid construction labor or materials. Contractors, subcontractors, and suppliers use it to protect their right to get paid and can potentially force a sale if the debt isn’t resolved. This article explains how mechanic’s liens work, key deadlines, and options […]
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What is a quitclaim deed?
A quitclaim deed is a legal document that transfers whatever ownership interest the grantor has in real property—if any—without warranties of title. It’s commonly used for low-risk transfers between family members, spouses after divorce, or to correct title issues, but it offers the buyer little protection. This article explains how quitclaim deeds work, when they’re […]
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What is a warranty deed?
A warranty deed is a real estate deed that transfers property and guarantees the seller holds clear title, with legal promises to defend against past and future title claims. It offers the strongest buyer protection among common deeds, unlike quitclaim deeds that provide no title warranties. This article explains how warranty deeds work, the key […]
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What is joint tenancy?
Joint tenancy is a form of co-ownership where each owner has an equal share and, upon one owner’s death, their interest automatically passes to the surviving owner(s) through the right of survivorship. It’s commonly used for homes and other assets to avoid probate, but it can also affect inheritance plans and creditor exposure. This article […]
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What is a lis pendens?
A lis pendens is a recorded public notice that a lawsuit may affect title to a specific piece of real estate. It alerts buyers and lenders that ownership or lien rights are being contested and can make selling or refinancing difficult until the case is resolved. This article explains what a lis pendens is, when […]
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What is a homeowners association?
A homeowners association (HOA) is a private governing body in a planned community that enforces rules and collects mandatory dues from property owners. HOAs are typically created by a developer through recorded covenants, conditions, and restrictions (CC&Rs) and can fine owners or place liens for certain violations or unpaid assessments. This article explains how HOAs […]
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What is a covenant?
A covenant is a legally binding promise attached to property—typically recorded in the deed—that restricts or requires certain uses by current and future owners. Covenants “run with the land,” meaning they usually apply even after the property is sold and may be enforced by an HOA or neighbors. This article explains common covenant types, enforcement, […]
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What is condemnation?
Condemnation is an eminent domain proceeding where a federal, state, or local government can take private property for public use with just compensation under the Fifth Amendment. It’s commonly used for projects like roads, schools, and utilities, and owners can challenge the taking or the payment amount. This article explains how condemnation works and the […]
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What is an easement?
An easement is a legal right to use another person’s property for a specific purpose without owning it. It typically “runs with the land,” meaning it can remain in effect when the property is sold. This article explains easement basics, common types, and why they matter in real estate transactions. Understanding Easements: The Basics An […]
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What is adverse possession?
Adverse possession is a property law doctrine that can let a non-owner become the legal owner after openly and continuously possessing land for a state-defined period (often 5–30 years). The possession typically must be actual, hostile, exclusive, and notorious to qualify. This article explains the core elements, time limits, and how states apply the rule. […]
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What is a short sale?
A short sale is when a homeowner sells a property for less than the mortgage balance, and the lender approves accepting the lower payoff. It’s called “short” because there’s a shortfall in funds, not because the process is fast. This article explains how short sales work, requirements, timelines, and potential impacts on sellers and buyers. […]
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What is a deed in lieu of foreclosure?
A deed in lieu of foreclosure is a voluntary agreement where you transfer your home’s title to the mortgage lender to avoid foreclosure. In exchange, the lender may release you from the mortgage debt, though terms vary by loan and state. This article explains how it works, eligibility, benefits, risks, and alternatives. Understanding Deed in […]
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