Defeasance Clause: What is it? Real estate license exam questions.

Today we are talking about the defeasance clause. In certain states, a defeasance clause is a required contract provision that ensures that the title for the property is transferred to the buyer, once the mortgage is fully paid off. See if your state is Title Theory or Lien Theory here: https://realestatelicensewizard.com/title-theory-vs-lien-theory/ -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-