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2. Mortgage assumption - Wikipedia

   en.wikipedia.org/wiki/Mortgage_assumption

   Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. [ 1] All mortgages are potentially assumable, though lenders may attempt to prevent the assumption of a mortgage loan with a ...

3. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...

4. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Under Section 1031 of the United States Internal Revenue Code ( 26 U.S.C. § 1031 ), a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange. In 1979, this treatment was expanded by the courts to include non-simultaneous sale and ...

5. Deed - Wikipedia

   en.wikipedia.org/wiki/Deed

   Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed. It is commonly associated with transferring ( conveyancing) title to property. The deed has a greater presumption of validity and is ...

6. The $1.8 billion ‘conspiracy’ verdict that rocked the real ...

   www.aol.com/finance/1-8-billion-conspiracy...

   Americans pay roughly $100 billion in real estate commissions each year, but that burden is about to be lightened considerably. The National Association of Realtors, one of the country’s largest ...

7. New rules will change how North Carolinians buy and sell ...

   www.aol.com/rules-change-north-carolinians-buy...

   August 6, 2024 at 7:00 AM. The rules of buying and selling a home in North Carolina are getting a shakeup this month. But it’s still too early to tell where broker commissions and house prices ...