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Can a person with a life estate use the property a collateral for a loan without the permission of the remainderman?
Wiki User
∙ 10y ago
Yes, they can use their interest in the property as collateral. But remember that is a limited interest and must be disclosed to the lender.
Wiki User
∙ 10y ago
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Can your husband use your property as collateral if his name is not on the deed?
Your husband cannot use property as collateral if his name is not on the deed without written permission of the property owner. Some lending institutions will not allow this, even if the law does. In some cases, marital property is automatically considered joint property.
Can a life tenant of a life estate keep the owner or heirs off the property?
Yes and no. The Life estate holder has the right to the free use and enjoyment of the property, without worrying about the remainderman interfering. However, the remainderman has the right to inspect the property and take care of it.
At the end of the life estate what type of estate does the remainderman have?
The remainderman would own the property in fee simple. That is absolute ownership. That owner could sell the property or leave it to his beneficiaries in her/his will. If they died intestate (without a will) the property would pass to their heirs at law according to the state laws of intestacy.
Can you get a loan to pay gift tax on property and use the same property as collateral?
If you have gifted the property, which obligates you to pay the gift tax, then you no longer HAVE it as collateral for any purpose, at least to the extent you have reduced its value through your gift. For instance, if you gift your child $15,000 worth of your house, the value of the remaining ownership is practically worthless as collateral since it would be impossible to sell it without permission of the other parties on the deed.
Is graffiti a form of vandalism?
If you deface property by "tagging" or painting on property that does not belong to you without permission from the owner, then you are committing vandalism or criminal mischief. This is illegal.If you deface property by "tagging" or painting on property that does not belong to you without permission from the owner, then you are committing vandalism or criminal mischief. This is illegal.If you deface property by "tagging" or painting on property that does not belong to you without permission from the owner, then you are committing vandalism or criminal mischief. This is illegal.If you deface property by "tagging" or painting on property that does not belong to you without permission from the owner, then you are committing vandalism or criminal mischief. This is illegal.
Can you sell your car if it is being used in a cross collateral loan?
No, it has a lien on it. You cannot sell it without permission from the lender.
In Michigan a person cut down his neighbors trees without his permission?
Nope... you can trim the branches that overhang your property - but you cannot fell the tree without permission as it's not on your property.
What is the reproduction of intellectual property without permission referred to as?
piracy
Can the police enter onto private business property without the permission of the owner in Arizona?
The police cannot enter onto private business property without the owner's permission in Arizona. They must obtain a warrant to do so, if they do not receive permission.
Can you mortgage without being on the title?
No. When you mortgage a property you are signing yourinterest over to the bank as collateral for the loan. You can't do that if you don't own the property.
A neighbor build a fence on your property Can she remove the fencepost without my permission?
No
Can your neighbor fix his gate to your house without permission?
His gate-yes. Just as you can trim tree branches extending over your property without permission even if the tree is planted on someone else's property.
