Jan 11 , 2016

Tampa School of Real Estate

Encumbrance

Definition:   Any lien, claim, or liability attached to or binding on real property that may lessen the value or affect the transfer of title.

Pronunciation:  \in-ˈkəm-brən(t)s\

Used in a Sentence:   The second mortgage was an encumbrance on the property that needed to be settled before the sale could be completed.

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