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Can a debt collector take property titled in two names for one person's debt?
Wiki User
∙ 11y ago
Maybe. It depends on what sort of property is in question, how that property is held by more then one individual, if the person(s) are married and if so whether or not they reside in a community property state.
In CP states all property belonging to a married debtor can be seized even though only one spouse is the named debtor. In non CP states where only one spouse is the debtor joint property such as bank accounts can usually be protected from creditor judgments. When it relates to property jointly owned by a individuals who are not married the issue is more complexed.
Wiki User
∙ 11y ago
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If mom and daughter have names on mortgage of Mobile Home and land in Park and one dies is the other liable for their credit card debts Is the property automatically the survivors without fees etc.?
Only the person whose name is on the account is responsible to pay credit card debt, with the exception of married couples living in community property states. In regards to the mobile home, the names on the mortgage are not what constitutes ownership, it is how the property is titled. In order to have real property pass to the joint owner upon the death of the other one, property is usually titled as Joint Tenants With Rights of Survivorship (JTWRS). It is very important that a property title is worded correctly in accordance with the laws of the state, to avoid any legal difficulties.
In Florida what rights does a child have to a deceased father's house if there was no will and his girlfriend is a joint mortgage holder?
You have some rights to inherit your fathers property - if it is his property and in his name - and the girlfriend may have part ownership or should have if she has been paying on it. See a lawyer. * When a person dies without a will the deceased property and asssets are distributed in accordance with the state's probate succession laws. Ownership is real property is determined by how the property is titled the names on the mortgage agreement only indicate who is responsible for the debt. The wording of the property deed determines whether or not the property is subject to probate procedure and partitioning.
Can 2 names be on a home title. if one persons name is on a loan?
Yep.
Can you change the names on a mortgage loan?
Not without refinancing the existing loan and changing the names on the title to the property..
Mortgage in your name deed in both your names - not married - you wish to sell - Do you need the other deedholder to agree?
State laws govern the way real property is titled. When it concerns unmarried persons the propety is titled either Joint Tenancy or Tenants In Common. Joint Tenancy means the parties own equal and undivided interest and both have to agree on any sale or title transfer. Tenancy In Common generally will allow one party to sell their interest w/o the consent of the other owner(s). Concerning private residences, this is rather pointless. It is unlikely that anyone would care to buy half of a house. Usually one of the involved person's buys out the other person's interest.
What is RTS Appeal?
An appeal is made to Deputy Collector ( Prant) for inclusion of names of leagl heirs on ancestral property .
If your name is not on the mortgage and you contribute towards it how do you stand if you get divorced with kids involved?
It will depend on the specifics of your situation and the laws of your state regarding whether the property is considered to be separate property or marital property. Even if your name is not on the mortgage/title, it would likely be considered marital property if it was purchased (not received by/purchased from funds received by gift or inheritance) during the marriage. Check the laws of your state regarding divorce/property distribution. * The names on the mortgage only indicate the persons responsible for the repayment of the loan. Ownership of any property is determined by how said property is titled. In community property states all property acquired during a marriage is considered jointly owned. In non-community property if the title does not contain both spouse's names state laws governing marital property take precedence, usually it will be resolved by equitable distribution.
In Washington State when you are unmarried and a co-applicant on an auto loan do you also have legal ownership?
In the State of Washington as in all other US states ownership of real property including vehicles is determined by how the property is titled. Only those persons whose names are shown on the title to the vehicle are entitled to claim ownership to the property in question. The interested party might wish to research the State of Washington Revised Codes for information that is more specific to their personal situation. http://apps.leg.wa.gov/rcw
Can a property be titled for EX John Smith and Wife instead of the full wifes name or was that a practice in the past?
In today's world that is archaic and is not used. Both parties full names would be used.
If mom and daughter have names on mortgage of Mobile Home and land in Park and one dies is the other liable for their credit card debts Is the property automatically the survivors without fees etc.?
Only the person whose name is on the account is responsible to pay credit card debt, with the exception of married couples living in community property states. In regards to the mobile home, the names on the mortgage are not what constitutes ownership, it is how the property is titled. In order to have real property pass to the joint owner upon the death of the other one, property is usually titled as Joint Tenants With Rights of Survivorship (JTWRS). It is very important that a property title is worded correctly in accordance with the laws of the state, to avoid any legal difficulties.
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Elements got their names from their latin names,greek gods,or from the names of the persons who discovered them.
What are the brand names of popular collector knives?
Brand names of popular collector knives include Master Cutlery and Fury Sporting. You can purchase these knives online from websites such as Knife-Depot.
Who has rights to the title buyer or co buyer?
It depends on whose name or names are on the title. A co-signer of a loan isn't necessarily an owner. Their name must be on the title to the property also. The person or persons who are listed on the title have ownership rights in the property.
If both names are on the car registration can the wife take it?
It depends upon the laws of the state of residency. When a vehicle is titled to two persons it is worded in two ways; if the names are separated by the word "and" both parties must agree on the disposition of ownership or request the court to do so; if the names are separated by the word "or" then either party can take whatever action they choose concerning the vehicle. It is generally presumed that the party who is in possession of a vehicle that is titled using the word "or" retains possession unless a court rules otherwise.
Does Florida law require both signatures to remove a person off of a title if it is titled in the names of a husband in wife?
There are several ways property can be owned in Florida, like most states. It would be best to get a deed from everyone involved if it is real property. If it is a car title then as the department of motor vehicles.
What is the plural possessive noun for person?
The plural forms of the noun person are persons or people.The plural possessive forms are persons' or people's.Examples:This is the list of the persons' names that have volunteered.This is the list of the people's names that have volunteered.
What are the three names for additions properties?
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