A month ago I purchased a time share through a resale company. When I made the company and I made an agreement that I would pay the current years fees in order to gain access to the property and bank my time share for future use. The company and the time shares owner filed with the registry of deeds turning ownership over to me as paid in full. Although I have agreed, verbally to make the fee payment for the 2013 year, the owner said that if I do not pay it 7 days prior to the check in date for the week I purchased, they will revoke ownership. However, I have a copy of my completed and recorded deed. I have every intention of paying, on the date I agreed to but do not like the idea that someone can simply go to the court house and revoke a recorded deed. " Can this be done?
The term property refers to things a person can own or possess. There are two types: real property (real estate) and personal property (everything else).
There are certain steps to follow to buy and sell real estate, from listing the property or making an offer, to meeting contingencies, among other things.