Real Estate Term of the Day: Deed of Trust DEED OF TRUST – an instrument used in the State of Colorado in lieu of a mortgage (a written instrument that creates a lien upon real estate as security for the payment of a specified debt). Legal title to the property is vested in one or … More Real Estate Term of the Day: Deed of Trust
Real Estate Term of the Day: Deed in Lieu of Foreclosure DEED IN LIEU OF FORECLOSURE – the act of giving property back to a lender without foreclosure (Barron’s Dictionary of Real Estate Terms) If you are facing foreclosure or considering a deed in lieu of foreclosure, you should seek legal advice from a foreclosure … More Real Estate Term of the Day: Deed in Lieu of Foreclosure
Real Estate Term of the Day: Deed DEED – a written document, properly signed and delivered, that conveys title to real property (Barron’s Dictionary of Real Estate Terms) There are 3 types of deeds that can be used to convey title: General Warranty Deed – one that contains a covenant that the grantor will protect … More Real Estate Term of the Day: Deed
Real Estate Term of the Day: Declaration DECLARATION (aka: declaration of the CCRs) – a legal document used to create a condominium or community association. Includes a description of the property/community and the uses to which is restricted, a description of individual ownership units, common areas, and procedures for amending the declaration (Barron’s Dictionary of … More Real Estate Term of the Day: Declaration
LESLIE MONACO REAL ESTATE 