0
What happens if you do not get your deed until five months after closing would the property still be legal?
Wiki User
∙ 16y ago
It depends on whether you mean you received the deed (delivery of the deed) from the grantor or seller, or if you received it from the county clerk or recording office 5 mos after the closing. In what are called "race-notice" states, (NY is one, for example), the deed is effective when recorded, so the fact that you received it in the mail five mos later doesn't affect your title to the property. If you didn't receive it from the seller or it didn't get recorded till five mos. after your closing, you didn't own the property until the deed was delivered and recorded. If you do not receive a deed until five months after closing, it does not mean ownership hasn't been changed or recorded properly title insurance ensures your interest as well as the lenders. Check with your local recording division or your title company as their attorney(s) should see to it all documents are handled accordingly.
Wiki User
∙ 16y ago
Wiki User
∙ 7y agoA deed transfers ownership as soon as it is recorded in the land records, usually on the date of the closing. Some land record offices take a long time to return the original recorded documents to the new owner but the recording date is the operative factor.
Add your answer:
Earn +20 pts
What is a letter of execution in a house closing?
Deed is a letter of execution in a house closing. The legal document that informs who owns the property is called title.
What if your address on your mortage note is not your property Is there an out to mortage?
The street address of a property is what the property is commonly known as but the mortgage is goverened by the legal description. There may have been a mistake on the address but I'll bet that if you look at the legal description in your closing documents, it matches your property.
Renter that has not paid rent in two months we don't have a lease so how do i get rid of her?
its you legal property. then she is tresspassing.
I purchased a property with fiduciary deed and now you want to sell the property will you have a problem?
As long as you had the title to the property examined by a professional there shouldn't be any problem. The attorney who represented you at the closing would have made sure the estate was in order and that the fiduciary had the legal authority to convey the property.
What happens to an unowned building?
a property is never allowed to remain without owner. as soon as the owner of a property ceases to be so by reason of death or otherwise, the property passes on to the next legal heir. and when there is no such legal heir, it passes on to the state by escheat..
What happens if you own half of property with someone in jail?
That person does not lose their property ownership rights. Noting can be disposed of without their legal okay, no different than if they were not in jail.
Can you have your name on the deed of a property that you are only living in?
Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.
Does a person have a legal right to trespass on private property to retrieve personal property from where they were staying for two months?
Depending on the laws in your state you may or may not have the right to trespass on the property. The safest way to get your property back would be to explain the situation to the police and have them escort you to get your property.
What happens if a spouse takes his name off a deed prior to a legal separation from a spouse?
He no longer owns any interest in the property.
When does the buyer legally own the property on which he is closing?
The buyer becomes the legal owner when the deed is delivered. However, the deed must be recorded immediately in order for the new owner to become the record owner.
Is hommesole property titles legal in va?
is hommesole property titles legal in Virginia
If a property is destroyed before the closing takes place who takes the loss - buyer or seller?
The legal owner must cover the loss. The property should be insured by the legal owner, the seller, up until the time when the deed is recorded. The buyer has no title until the deed is recorded. Once the deed is recorded the buyer's insurance becomes operative.
