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Promissory note

Promissory Note at the request of some of the members here in posts and in private. A promissory note is one of the accepted and common securities in lease agreements to secure the lessee's obligations to…

How the ownership of the property is acquired and what promissory notes there are - title companies and other concepts

Good morning friends, today we will make a little order for anyone who is starting to invest in real estate in the US and wants to know how the ownership of their property is registered, where and what types of title deeds are there and some other concepts for general knowledge. The ownership in the US of real estate assets is called Title and the deed of ownership is called Deed. The act of registering the property in the district in the name of the new owner is called Register of…

Types of Deeds

Let's talk a little bit about deeds. Okay, we decided to buy a property. At closing we receive a deed of sale from the title company. What does the bill of sale say? We're supposed to get ownership of the property, right? And now our rights in the property are anchored from now on, right? Well, depends. Depends on the type of deed of sale prepared by the title company (and this depends on the seller's rights in the property). There are two…

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