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.
Fee simple is derived from the english word fiefdom, which loosely means the right to land, and a condominium ownership does not have rights to the land free and clear. I respectfully welcome any discussion on this topic.Thank you.he rights of fee simple ownership applies to all the owners of the land, there is no restriction on the number of owners to the rights and they all hold the same rights.