Anonymous
Posted on: 28th Jun, 2005 11:14 am
What is FEE SIMPLE?
Hi Guest,
Welcome to MortgageFit forum.
Fee Simple is the absolute right of ownership of real property without any terms and restrictions. Such a real property can be held by its owner and his heirs for indefinite time without any limitation.
The owner of the land held in fee simple can transfer it to whoever he wishes. The land can be mortgaged as well as put up as security.
Hope to hear from you soon.
Regards,
Jessica
Welcome to MortgageFit forum.
Fee Simple is the absolute right of ownership of real property without any terms and restrictions. Such a real property can be held by its owner and his heirs for indefinite time without any limitation.
The owner of the land held in fee simple can transfer it to whoever he wishes. The land can be mortgaged as well as put up as security.
Hope to hear from you soon.
Regards,
Jessica
Hi Jessica,
thanks for your explanation.
thanks for your explanation.