encumbered properties
[/ɪnˈkʌmbərd ˈprɒpərtiz/]
nounpl: encumbered properties
propriedades oneradas / imóveis onerados
1. Real estate or property that has legal claims, liens, mortgages, or other financial obligations attached to it, reducing the owner's equity and transferability
The bank will not approve a loan on encumbered properties without clear title documentation.
O banco não aprovará um empréstimo em propriedades oneradas sem documentação de título claro.
2. Properties burdened by easements, covenants, or restrictions that limit their use or transfer
These encumbered properties cannot be sold without the consent of the lien holder.
Essas propriedades oneradas não podem ser vendidas sem o consentimento do titular do penhor.
In Brazil and the USA, encumbered properties are significant in real estate transactions and financing. Brazilian law requires detailed disclosure of all encumbrances in property registries (Cartórios de Registro de Imóveis). In the US, title insurance and escrow processes address encumbrances. This concept is crucial in due diligence processes and affects property values and marketability significantly.
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