The items shown on the statement will reflect the purchase price, the funds deposited or credited to your account, payoffs on existing encumbrances and/or liens, the costs for all services and a determination of the funds you are entitled to at the close of the escrow.
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. It is a way that real estate may be owned in common law countries, and is the highest possible ownership interest that can be held in real property.
State: New Jersey. My understanding of the term Fee Simple is that it is an abreviation of Fee Simple Absolute which means that the title held contains ALL of the rights to the property. Condominium ownership does not include all of the rights.lease correct property rights type-Condo is not an alternative to Fee Simple or Leasehold. Now I have used Fee simple all along but I figured I would change it because wouldn't the definition of Fee Simple not convey all of the rights due to the subject being a Condo. Click to expand...