Tag Archives: Real Property

Definition of Distress Value of Real Property

Real property is land and any buildings permanently attached to it, such as home on a lot. All real property is valued in certain ways, such as a home’s market, appraised and assessed values. When...

What Are the Responsibilities of a Life Tenant in a Real Property?

With an aging population, an increasing number of people find themselves in the position of creating a legal life estate that allows another person, called the life tenant, to live in the owner’s home for...

What Happens to Real Property When Heirs Fight About Selling?

If siblings and heirs don’t get along when their loved one is alive, it’s usually unlikely that their relationship will improve after his death. Even the best of relationships might suffer strain when heirs and...