Assessment of Property Generally Ark. Code Ann. § 26-26-1122 – Definitions. (a) As used in this subchapter and in the Arkansas Constitution, Amendment 79: (1) (A) “Homestead” means the dwelling of a person that is used as his or her principal place of residence with the contiguous land, excluding all land valued as agricultural land, pasture
Sale of Tax Delinquent Lands Read these Arkansas Real Estate Laws, and see how they apply to you: § 26-37-202 – Procedure to sell. (a) (1) Bidders may bid at the sale or mail their bid to the office of the Commissioner of State Lands. (2) Bids shall be delivered at the appropriate place before
Redemption of Realty to be Sold for Taxes Ark. Code Ann. § 26-37-301 – Notice to owner. (a) (1) After receiving tax-delinquent land, the Commissioner of State Lands shall notify the owner, at the owner’s last known address as certified by the county, by certified mail, of the owner’s right to redeem by paying all taxes,
Sale or Forfeiture of Real Property Read these Arkansas Real Estate Laws, and see how they apply to you: Remember: The law often changes, and this website does not offer a complete compilation of Arkansas law. Each case and situation is different. This webpage is meant to give you general information and not to give you
What is an Heirship Affidavit? If a deceased person in Arkansas left real property that has not been disposed of by a probated will or estate, an Heirship Affidavit may be used to establish who is in line to inherit this property. If the decedent has died in Arkansas within the last five years, it is not too late to
You may need a Quit Claim Deed to get the house in your name. The papers have been signed, the divorce is finalized, and the house is all yours… or is it? Sure, the divorce decree says that you have been awarded the marital home, but this paper does not actually transfer ownership of the
Real Estate Matters: TAX DEED PROPERTY: If you are considering purchasing a tax delinquent property through the Commissioner of State Land’s auction or website, we can answer your questions. QUITCLAIM DEED: Quit-claim deeds are often used in Arkansas to transfer real estate from one person to another. BENEFICIARY DEED: Beneficiary deeds allow you to pass your
You are renting a home that has just been foreclosed upon. What can you do? Bona fide tenants who rent a home that goes into foreclosure are protected by a federal law called “Protecting Tenants at Foreclosure Act” (PTFA). The PTFA was enacted in 2009 and permanently extended on May 24th, 2018. What does this
Partition of Land – Real Property. What does “partition of land” mean? A “partition” occurs when the court determines how to divide land among the parties who own it. When the land cannot be divided fairly, the court orders that the property be sold and the proceeds be divided among the parties. If you and
What is “Owner Financing?” Owner financing, also called seller financing, occurs when a property buyer borrows the purchase price directly from the property seller. With owner financing, the buyer and seller come to an agreement on the purchase price of the home and the terms of the loan. The home buyer will borrow the purchase