RPPT Young Lawyers Network - September/October 2006
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Young Lawyers Network When a buyer purchases real property, the title to the property is subject to rights and claims that others have in the property. These rights and claims, such as mortgages, leases, and easements, may come with financial consequences. In fact, certain defects and encumbraance interfere with more than the buyer’s use and possession of the properrty they also may call into question whether the buyer is the rightful owner. A mortgage lender’s lien in real estate is similarly...