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Real property is what's more commonly known as real estate, or realty.
A piece of real property includes the actual land as well as any buildings or other structures built on the land, the plant life, and anything that's permanently in the ground below it or the air above it. In that sense, real property is different from personal property, which you can move from place to place with you.
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Any right, title, interest and claim in and to real property owned by the grantor at the date of execution of the deed of trust or acquired thereafter by said grantor or his successors in interest. To fall under this definition, the real property must be (a) located within an incorporated city or village at the time of the transfer; (b) not exceed 80 acres regardless of location, but not used as agricultural land; or (c) not exceed 40 acres regardless or location or use.
- Browse Related Terms: agent, Beneficiary, Co-Homeowners, Deed, Default, Grantor, Negative Equity, Real property, Title, trust, trust deed, Trustee
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