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Tag: encumbrance

Encumbrance

September 28, 2018 by: Content Team

The term “encumbrance” is used to describe a burden on a property that can reduce the value of the property. As an example, an encumbrance can be a mortgage. If someone owes $100,000 to the bank in the form of a mortgage, then he must pay the bank back that money upon selling the house, which reduces the amount of […]

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