Question:

In preliminary report of escrow process how can i find out the land is lease land or owned by seller?

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i am going to buy a PUD single family house. i want to know that the land is lease from someone to current seller or owned by seller? In preliminary report i found a word A FEE it that mean the land is owned by seller? pls answer, i am about to close the escrow. thanks

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1 ANSWERS


  1. FEE, FEE SIMPLE are technical terms.  They have to do with how the parcels were divided or something.  

    Go talk to the title agent and have him/her explain it to you.  You are paying for their services and it sounds like you don't understand the report at all.

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