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Real Estate Question

Question

Which of the following would be the best and most complete definition of the term encumbrance?

Select your Answer

  1. Degree, quantity, nature and extent of interest a person has in property

  2. The use of property by a debtor to offer a creditor security for debt

  3. Any action taken relative to a property other than an acquisition

  4. Anything which affects or limits the fee simple title to property