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Below is a list of common title terms and their definitions. Keep this handy to use when reviewing your Preliminary Title Report. • Mechanic's Lien: A statutory lien in favor of persons contributing labor, material, supplies, etc. to a work of improvement upon real property. A release must be rec...
A lawyers storyOnly in Louisiana. You gotta love this lawyer - it's too good not to share! Everyone who has ever bought a house will enjoy this. A New Orleans lawyer sought an FHA loan for a client. He was told the loan would be granted if he could prove satisfactory title to a parcel of propert...
Real estate has always been considered an individual's most valuable asset. For most people, it is the most significant investment they will make in their lives. Because it is such an important factor in our society, it is ranted unique treatment under the law. When you purchase real estate, you...