Question 1
1. What is a lien and an encumbrance? How do the two relate?
2. Liens can be voluntary, involuntary, specific, and/or general. Provide an example of each.
3. In reference to the private building restrictions (Conditions, Covenants and Restrictions), what is the difference between a covenant and a condition?
Question 2
1 . Taking into consideration the basic appraisal principles, what would you look for as a good real estate investment?
2. Popular web sites for real estate investments:
Realtor.com
Zillow.com
What other related sites have you found?
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