The answer depends on the details. If it was a legitimate transfer for consideration the lender may have missed its opportunity to attach its lien to the property. However, if it was a transfer for the purpose of avoiding the creditor the court may allow the lien and void the transfer. Creditors are aware of this distinction and will petition the court to protect their rights.
No, the mortgage is a debt of the estate. That mortgage must be resolved before the property can be transferred.
If a husband conveyed his individually owned property to his brother before he died, his widow has no rights in that property unless she lives in a community property state. In that case she should consult with an attorney.
If a person on social security disability inherited a property and then "deeded" it to a person who is underage there is one property. Why do you think there are two?
That would mean a property owner who acquired their interest in the property by virtue of a deed.
A deeded piece of land is a property that has been signed over to you. It could either have been paid for or given to you as a gift.
If they deeded the property to anyone during their lifetime it belongs to that person & won't be included in the probate, unless the property was part of a family trust, or some other arrangement.
Of course. The transfer of real property will add assets to his profile and may cause a change in his benefits. It also may eventually result in a medical assistance lien on the property to pay back benefits. You should consult with an attorney who specializes in special needs trusts before making this transfer.
To get Caliber to understand that you deeded your property to HSBC in 2010, you will have to write out an affidavit stating all the details, as well as provide copies of the documentation to prove it.
Person has lifetime dowry to live in home on the property, but property is deeded to someone else. If the person with the lifetime dowry moves out of the home and then moves backs did they relinquish thier lifetime rights?
Most states allow minors to own property. To what extent they can exercise control over the property will vary by state.
It depends on how the property is deeded.
Generally, the children are the fee owners of the property. However, the property is subject to their mother's life estate. She has the right to the use and possession of the property for the duration of her natural life. If the children want to sell or refinance the property they must have mother's consent in writing.
Generally, no. When a person executes a quitclaim deed to another person, the first person no longer owns the property. The new owner is the grantee on the quitclaim deed. The former owner has no interest to transfer to someone else.In this case, the wife would be the new owner of the property.
If mom conveyed her property to her son by a deed prior to her death then the son is the new owner of the property. When mom died she no longer owned it.
You should consult with someone who does real estate appraisals.
The siblings are the legal owners of the property so they would be legally liable. For example, if someone was injured on the property they would sue the legal owners. If the property taxes were not paid the legal owners would be liable and the property would be taken as against the legal owners.
A wife cannot sell any property deeded to both she and her husband without the husband's signature, unless a quit claim deed is present. This type of deed removes the husband's legal ownership to a property and thereby becomes the wife's, allowing her to sell the property without his signature. A wife can, however, buy a property on her own, without her husband's signature.
If there are any assets and debts, the estate will be probated. The assets do not have to include real property. If the individual deeded the property to another prior to his passing, the property belongs to the deed hold.
No, deeded is not a word whoever asked this question because deeded is already pural. Of course "deeded" is a word. The asker is referring to the verb "deed", not the noun "deed" hence its pluraliity has no bearing as a verb cannot be plural. "The grandfather deeded his house to his grandson."
Deeded land is land transferred by means of a deed.
Answer: A mortgage runs with the land until it is paid. The buyer would acquire the property subject to the mortgage.
If you mean the parents have deeded or willed the property to the person who will become the executrix, then, yes it is legal and not unusual, absent evidence of wrongful persuasion or the like.
You can file a court case if you have any evidence that the person transferred the property to avoid creditors. The court will issue an 'ex parte' lien against the property if you are successful.