What is the difference between real property and personal property?

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Why are estates important in real estate finance?

 

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1.What is the difference between real property and personal property?

 

2.What is meant by an estate? Why are estates important in real estate finance?

 

3.How can a leased fee estate have a value that could be transferred to another party?

 

4.What is an abstract of title?

 

5.Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home?  Why?

 

6.Would it be legal for you to give a quitclaim deed for the Statue of Liberty to your friend?

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