Any means by which the ownership of a property changes hands. Some examples of such include purchase, gift, inheritance, foreclosure, and deed in lieu.
The process through which property goes from one owner to another. This could include assumption of a mortgage debt by the propertyâ€(tm)s purchaser, or any exchange of property possession under a land sales contract, for example.
Any means by which the ownership of a property changes hands. All of the following situations are considered to be transfers of ownership: the purchase of a property using or "subject to" a mortgage, the assumption of the mortgage by the property purchaser, and any exchange of possession of the property under a land sales contract or land trust device. Transfer tax may apply.
Any legal means by which a piece of real estate changes hands.
Any circumstance in which the ownership of a property changes hands, e.g., via outright, titled purchase, or the assumption of an existing on a property, or possession of the property via a land sales trust, even any transfer of a beneficial interest in t
Any means by which the ownership of a property changes hands. Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property "subject to" the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device. In cases in which an inter vivos revocable trust is the borrower, lenders also consider any transfer of a beneficial interest in the trust to be a transfer of ownership.
Any legal means by which real estate changes from one owner to another.