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(Redirected from Purchase and Sale Agreement) A purchase and sale agreement ( PSA) is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
A leasehold estate, in my understanding, is a fancy (probably somewhat archaic) legal term for the a tenant's right to occupy real estate when renting it. In the case of leasehold estate, the contract is colloquially and maybe even formally typically referred to as a lease in the case of renting or leasing real estate such as apartments.
One approach to conducting a full grantor/grantee title search starts by searching the grantor index in the County records and determining the name of the first recorded owner of title. This is usually the sovereign, which is the federal government or the Crown of the nation which owned a former colony now located within the United States.
Escrow payment. Estate – legal term for a person's net worth at any point in time alive or dead. Estate – a very large property (such as country house or mansion) with houses, outbuildings, gardens, supporting farmland, and woods. Estate agent.
After acceptance of a particular offer, a real estate contract is ratified by all parties. It usually creates a short interim period (typically no more than 30 days, often much less) to allow the buyer to thoroughly inspect the property (often with the assistance of a professional home inspector).
Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at a foreclosure auction ...
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