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Can a loan be obtained against real estate property to initiate repairs if that property is secured in an Irrevocable Trust?
Wiki User
∙ 15y ago
Yes. The trustee must sign the mortgage as the owner of the property.
Wiki User
∙ 15y ago
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How can you purchase real property directly into the irrevocable trust?
you'd need to get a Loan against the house
Can the HOA put a lien on an irrevocable trust property?
It is unlikely that an irrevocable trust gives the property any immunity from liens.AnswerYes. If the property is owned by an irrevocable trust the HOA can place a lien against the property and the trust. The HOA should research the trust so that the present trustees can be mentioned on the lien. Although debts are sometimes difficult to collect from a trust, the property cannot be sold or mortgaged unless the lien is paid.
How many years behind do you have to be before a lean is placed on your property?
Any creditor that has obtained a judgement against you can attach a lien to any real property you own.
How do you make a sentence with the word of initiate?
I am going to initiate divorce proceedings against my wife.
Can dept collector sell your home?
It depends on the law in the country in which you live. However, in most cases debts are not secured against property (if they are then the property can be sold) and the person owed money would have to make the debtor bankrupt to get any money our of a property. (Unsecured debtors are the last to be paid out so they are unlikely to initiate this).
What can a bank do if you do not pay your credit card?
They can initiate legal proceedings against you.
Is a judgment against the person or property?
A judgment can be against either the person or their property. A personal judgment is against the individual's assets or income, while a lien on property is against the person's property.
What are examples of Principals of Justice?
The principles of justice include fairness, equality, impartiality, and accountability. These principles guide the legal system in ensuring that individuals are treated justly and that their rights are respected. It is important for these principles to be upheld in order to maintain a just and equitable society.
What is the name for claims against property?
The name for claims against property is liens.
What does it mean when someone puts a lien on your home in California?
It means that you owe someone money, they have obtained a judgment against you and you will not be able to sell or refinance your property until the lien is paid and a discharge is recorded.
Can a wife who fraudulently obtained ownership of her husband's non-marital property in divorce decree in Georgia have that judgment enforced in Kentucky courts?
Your ALLEGATION is that she obtained it fraudulently, HOWEVER - if the GA court awarded it to her, the KY courts will enforce the ruling. If you do not believe she has legally obtained it, you must file suit against her. In the meantime the GA court ruling stands, and it is enforceable.
What financial instrument can protect against people defaulting on your loans?
Secure the loan against property their property.
