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The property is subject to the mortgage. In order to sell a portion free and clear of the mortgage you would need to obtain a partial release from the bank. The partial release must describe the portion you want to sell and must be recorded in the land records.
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∙ 14y ago
Wiki User
∙ 10y agoNo. You cannot transfer property that is subject to a mortgage. The lender can demand full payment of the mortgage. You need the consent of the mortgagee to transfer any interest.
No. You cannot transfer property that is subject to a mortgage. The lender can demand full payment of the mortgage. You need the consent of the mortgagee to transfer any interest.
No. You cannot transfer property that is subject to a mortgage. The lender can demand full payment of the mortgage. You need the consent of the mortgagee to transfer any interest.
No. You cannot transfer property that is subject to a mortgage. The lender can demand full payment of the mortgage. You need the consent of the mortgagee to transfer any interest.
Wiki User
∙ 10y agoNo. You cannot transfer property that is subject to a mortgage. The lender can demand full payment of the mortgage. You need the consent of the mortgagee to transfer any interest.
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In California could you get your property back if you use a Quitclaim deed to convey ownership?
Not unless you can prove that the quitclaim deed was executed based on fraud committed by the parties the property was conveyed to.
Can a life estate creator and owner change their mind and get the property back?
No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.
Can a parent deed his property without signatures of other siblings?
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
Can a partial owner deed their share to another partial owner in exchange for a life estate?
Yes. However, you should make certain that during the exchange you acquire a life estate in the whole property and not just in the half interest you will convey to the other co-owner.
Use convey in a sentence?
You need a big truck to convey heavy loads. Here it means to transport. You must convey to the audience the importance of clean water. Here it means to communicate. You must communicate to the importance... I will convey the ownership of the business to you. Means to transfer ownership. In all examples it is a verb.
What is vesting assent in an estate of a deceased?
A vesting assent is given by a personal representative of an estate in the UK to convey legal ownership of property that is the subject of a bequest or devised to a tenant-for-life of 'settled property'. 'Settled property' is a complex feature of UK property law. You can read more about it at the link provided below.
How do you turn your house over to your children?
In Missouri, you can file a Beneficiary Deed that automatically transfers ownership of real property upon the death of the owner. You can always just leave it in your last will or if you want to avoid probate, convey it to a trust and have the trust distribute the property to your children after your death. You can also convey the property to your children while you are still living. You should consult with an attorney who specializes in estate planning who can review your situation and explain your options.
How do you remove a co-owner on a deed without her consent in Texas?
You cannot take a living person's real property without their consent. The only way to transfer ownership is for the owner to convey their interest by a deed.
How do you convey partial ownership of special warranty deed?
You can convey an interest in land by a quitclaim deed. For example, you can convey a twenty five percent interest each to your two sisters in the same deed. For any type of conveyance you should consult with an attorney who specializes in real estate law. She/he could review your needs and draft the deed properly according to your state laws and according to the tenancy you wish to create among the owners.
What is fee simple with a joint tenancy?
Fee simple with a joint tenancy is essentially complete ownership of property by more than 1 person. The term "fee simple", also called "fee simple absolute", means that the owner owns the property outright with right to use it during his lifetime and convey it by deed during his life or by will upon his death. The terminology is from old English and was used to distinguish full ownership from less than full ownership. Full ownership does not refer to percentage of ownership. It refers to the right to use it during life (a present interest) and to dispose of it later on (the future interest). Another type of ownership back then was called "fee tail". This meant that the owner could convey the property only to members of his blood family, or "tail". If he conveyed it to anyone else, the person that sold it to the owner could take the property back. This obviously limited the owners rights and so he did not have simple absolute rights to the property. A fee simple can be owned jointly by two or more persons. As long as no one else has any present right and as long as there are no restrictions on future conveyances, the interest in the property is still fee simple.
Can you quitclaim to yourself?
No, you cannot quitclaim property to yourself because quitclaim deeds are used to transfer a property's ownership interest from one party to another. Since you cannot transfer property to yourself, a quitclaim deed is not necessary.
When a spouse dies with property that is inherited in Ohio does that property convey to the surviving spouse if there is no will?
yes
