TRANSACTION & CLOSING
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Encumbrance
Also called: lien · title burden
A claim, lien, restriction, easement or other interest that burdens or affects property title.
What it means in practice.
Encumbrances can affect value, use, financing and closing. Some are ordinary; others require cure, consent or underwriting.
Why it matters.
Title diligence should identify which encumbrances survive closing.
Additional notes.
Encumbrances can affect value, use, financing and closing. Some are ordinary; others require cure, consent or underwriting.
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