Property Ownership
What is a 'remainder interest' in Delaware real estate?
AThe interest remaining on a mortgage after partial payoff
BThe future interest that vests in a third party upon termination of a life estate✓ Correct
CThe portion of a property not covered by title insurance
DThe equity remaining after a foreclosure sale
Explanation
A remainder interest is a future interest in property held by a third party (the remainderman) that will become possessory when a prior estate (such as a life estate) terminates.
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