do you own the land, when you buy the house
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I have land about 5200sq feet in Bangalore for disposal.is there any buyer for this property
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When you buy a house, you must pay to have the title
checked. This way the State in which you
live has in there records, the date that you bought the house and the land it
sits on. AT that same time, you buy title insurance so that no one else can come
in and establish a claim to the land your house is located on. You may share the ownership of the land with
another person who has a vested interest in the home, but the land has value
and belongs to the person or people who hold the title and are paying the
mortgage on the home. In Florida
recently, they have a new system where the person purchases the home and leases
the land until they pay enough money to own the land. This way they can afford the house, even if
the land is too highly priced to make buying both affordable. This is a recent change in the policies for
people in Florida who are having a problem keeping or selling their home. If you own a condominium, you do not own the
land upon which it sits. This is why,
when the economy becomes soft and a recession sets in, the condominium is the
first type of property to lose its value.
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