Margot and Steve owned several rental properties at the time of their divorce. The divorce decree gave ownership to Margot in return for a cash payment by Steve. Fast forward six years, and Margot is ready to sell the properties. She soon discovers, though, that Steve's name is still on the title. What's her best course of action

Respuesta :

The best course of action is to ask Steve to generate quit-claim deeds on the properties. Even though the divorce decree grants ownership to Margot, she can't convey the properties until Steve either produces quit claim deeds OR agrees to convey the properties with her.

What is Real Estate?

  • Real Estate is referred to as the land as well as any permanent, whether natural or man-made, structures or improvements related to the property, such as houses.
  • Real estate is something permanently affixed to or constructed on land, whether it be created naturally or artificially.
  • Real estate can be divided into five primary categories: residential, commercial, industrial, raw land, and special use.
  • There are differences between land, real estate, and real property, while they are frequently used interchangeably.
  • Land includes the trees, minerals, and water that are present on the earth's surface up to its center and above it in the upper atmosphere.
  • The immobility, invulnerability, and distinctiveness of land, where each parcel of land differs regionally, are some of its physical properties.

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