jordanlouis0…, Home Seller in Valley Village, CA

what is an example of "less encumbrances" mean deducted from the gross fair market value of my home.?

Asked by jordanlouis007, Valley Village, CA Thu Jul 18, 2013

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Suzanne MacD…, Agent, Morristown, NJ
Thu Jul 18, 2013
en·cum·brance --

A burden or impediment.
A mortgage or other charge on property or assets.

For a better definition, I would consult an attorney but it sounds to me as though it means mortgages or other liens.
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