Definitions for "Transfer Of Ownership" Add To Word List
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Any legal method by which the ownership of property changes hands.
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Any means by which the ownership of the real estate changes hands.
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Any means by which the title to a property changes hands.
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Any means by which the ownership of a property changes hands. Some examples of such include purchase, gift, inheritance, foreclosure, and deed in lieu.
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The process through which property goes from one owner to another. This could include assumption of a mortgage debt by the propertyâ€(tm)s purchaser, or any exchange of property possession under a land sales contract, for example.
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Any means by which the ownership of a property changes hands. All of the following situations are considered to be transfers of ownership: the purchase of a property using or "subject to" a mortgage, the assumption of the mortgage by the property purchaser, and any exchange of possession of the property under a land sales contract or land trust device. Transfer tax may apply.
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Any legal means by which a piece of real estate changes hands.
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Any circumstance in which the ownership of a property changes hands, e.g., via outright, titled purchase, or the assumption of an existing on a property, or possession of the property via a land sales trust, even any transfer of a beneficial interest in t
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Any means by which the ownership of a property changes hands. Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property "subject to" the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device. In cases in which an inter vivos revocable trust is the borrower, lenders also consider any transfer of a beneficial interest in the trust to be a transfer of ownership.
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Any legal means by which real estate changes from one owner to another.
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