Tag Archives: property

Prepaid taxes are prorating expenses

A seller might credit a buyer for the proportion of annual real estate taxes that were charged during the part of the year that the seller occupied the property.

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Are liens encumbrances?

Liens are a type of encumbrances. The term encumbrances refers to any claim against a property that affects its clear title or use. Because liens are creditors’ claims that impact title, they are all considered encumbrances.

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