| Mechanic's Liens |
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| A mechanic's lien, also known as a materialman's lien or a construction lien, is a mechanism whereby contractors involved in the process of making improvements to real estate secure payment for their services and materials. More... |
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| Percolation Tests |
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| A percolation test, or "perc test," is performed on undeveloped land in order to determine whether the land is absorbent enough to support the installation of a septic system. Typically, the test is performed by a hydraulic engineer. More... |
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| Land Sale Scams |
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| A land sale scam, sometimes referred to as a dirt pile scam, refers to any transaction in which a seller of property convinces a buyer to buy property with a low value or no value for an excessive price. More... |
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| Mortgage Loans with Balloon Payments |
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| A mortgage loan with a balloon payment provision is very different from a traditional mortgage loan. Usually, mortgage loans with balloon payment provisions are second mortgages as opposed to first mortgages (also known as purchase-money mortgages). More... |
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| Marketable Title and How It Is Affected by Liens |
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| A entered into an agreement of sale with B wherein A agreed to purchase certain real estate. Among other items in the agreement, B specifically agreed to convey "marketable title" to A. The title inspection ordered by A revealed numerous liens against the real estate, including tax liens and judgment liens. More... |
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