Is an Encumbrance Affecting the Value of Your Property?

Is an Encumbrance Affecting the Value of Your Property?

Find out how non-possessory interests, or encumbrances, can affect the value of your property. An encumbrance is an interest in real property that is held by someone other than the owner of the property.  Anything that affects the use or the title of a property is an encumbrance.  Encumbrances are very common and while it is not always a problem to purchase an encumbered property, it is important to understand the type of encumbrance you are dealing with to know how it may limit the use or transferability of your property. Encumbrances fall into two general categories: financial encumbrances and...Read more