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An abstract details the ownership record of a particular piece of real estate and provides information about whether the title may have any potential issues from a legal perspective.
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Accordingly, as defined by the American Law Institute, an apparent agent is one who, with or without authority, reasonably appears to third persons to be authorized to act as the agent of another.
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Enforced at the state level, monoline restrictions currently apply to title insurance, mortgage guaranty insurance and financial guaranty insurance.
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Please seek the advice of a qualified professional for guidance with your specific transaction.
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If either of these activities involves a real estate broker, you can report this activity to the Department of Consumer Affairs Bureau of Real Estate, and any other appropriate government agencies.
Following order War II, returning serviceman began to buy homes in large numbers; the brutal industry began to batch from an essentially local fashion to business trade a national level.
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In some cases, after months of waiting, the bank will still not approve the potential homebuyer for a mortgage, which can be very frustrating.
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