Ownership Interests in Real Estate

Ownership Interests in Real Estate

Fee Simple Generally describes complete ownership of real property. Life Estate Generally describes right of a person to use property as if it is his or her own during that person’s lifetime. After death, the interest in real property transfers to somebody else....
Real Estate Transaction

Real Estate Transaction

Title Insurance Typically, title insurance is the purchaser’s protection against unknown defects of record in ownership or other encumbrances. Matters not covered by title insurance are specifically excepted. Title insurance protection is not transferable from seller...