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Computed on Full Value of Property Conveyed, or Computed on Full Value Less Value of Liens or Encumbrances  Form

Computed on Full Value of Property Conveyed, or Computed on Full Value Less Value of Liens or Encumbrances Form

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Instructions and help about Computed On Full Value Of Property Conveyed, Or Computed On Full Value Less Value Of Liens Or Encumbrances

hey everybody gabriella huffman here to help you study for your north carolina real estate exam let's start with chapter three in chapter three we're going to talk about encumbrances on real property so what you need to take away from this chapter are the four types of encumbrances there are two types of liens in lean categories we're going to talk about property taxes special assessments and the two types of easements so the first thing we need to understand is what is an encumbrance so an encumbrance it's anything that affects titles that doesn't mean negative what i tell my class is anything that's tied to the title or tie to the property in some way for example here's an acronym that i give my students real your four types of encumbrance are restrictive covenants this can be your hoa docs this can be deed restrictions which you'll talk about more in chapter five any easements encroachments that's an illegal ext

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