How does a home equity loan differ from a mortgage?

Mar 1, 2023 ... As the owner of a fee simple property, you have purchased complete ownership, meaning that the land itself belongs to you, along with all of the dwellings, ... Mar 26, 2015 ... Fee Simple. Fee simple is the form property ownership people are most familiar with. The term means you have absolute ownership- you own the ... Sep 3, 2019 ... “Fee simple” means full and complete ownership of ... Therefore, fee simple ownership of property does not terminate upon the owner's ... To be sure, the fact that the legal interest is perpetual does not mean that any individual owner's time horizon will be endless. People often dis- count ... Fee simple indicates ownership that is not liable to end upon any ... In possession means that the owner's rights are immediate, thus future interests do ... Does fee simple mean vacant and available for lease or occupancy? If so ... The most complete form of ownership is the fee simple interest – i.e. ... Fee Simple. Fee Simple is the type of ownership where a buyer purchases a property outright and has the right to use the property indefinitely. Oct 17, 2022 ... It means you own the property outright, and no one else has claim to it. It's described by many different sources as the highest form of land ownership in ... Oct 25, 2022 ... Furthermore, fee simple ownership means you have absolute control of the property and can do whatever you want. Leasehold contracts may have ... ... would have to probate her aunt's estate in order to close on the property. ... There are three “fee simple” (fee simple means unconditional ownership) ...