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Can buyer sue title company for negligent error of transfer in ownership on different purchase property?
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How do you get ownership of property?
Generally, you purchase the property from the owner. Purchase of real estate is evidenced by a deed. The deed must be recorded in the land records. Real property can also be inherited or acquired by virtue of a court decree.
Does an owners liability insurance cover damages to contents of renters property if the homeowner is negligent?
No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for.If the renter chose not to purchase a renter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.
How can one be shared ownership properties?
Shared ownership is where you buy a percentage of a property's value, either through a mortgage or outright, and then rent is paid on the remainder. This is becoming an increasingly popular method of home ownership in the UK, through developers like Southern and property portals such as Property Booking
If you paid the delinquent property taxes on another person's property can you own there property?
Paying the delinquent property taxes on someone else's property does not automatically entitle you to ownership of that property. However, some states have provisions for filing a tax lien against the property if the taxes are not repaid within a certain period, which could potentially lead to ownership rights. It is important to consult with a legal professional for guidance in such situations.
When you buy property in the US do you then also own the land underneath it?
When you purchase a privately owned property in the United States you are actually purchasing the land and anything attached to it. The two, land and buildings, are inseparable as to ownership. Examples are a single family home, an apartment building, a farmhouse, a commercial building or even a mall. The land is what you are purchasing and is described in the deed of transfer. The situation changes when you purchase a unit in a multi-unit project such as a condominium. That creates a different form of ownership. In that case you purchase the unit and along with it you acquire a percentage interest in the land and common areas of the facility.
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
WHAT SETS FREEHOLD PROPERTIES APART FROM LEASEHOLD PROPERTIES?
A property that Binghatti leases to a lessee for a set length of time is known as a leasehold property. A freehold property is sold outright to a purchaser for a set purchase price and has unrestricted ownership rights.
Can a trustee and beneficiary of a trust purchase property in the trust by refinancing vs. sales contract?
Refinancing is only a debt instrument so wouldn't provide for changing the deed (ownership) to a property. A property can be purchased through a sales contract, or even given by way of a recorded deed. Ownership of property must be recorded by deed in the county courthouse where the property is located. Many types of deeds are used depending on the circumstances surrounding the purchase, gift, etc. A real estate or trust attorney should be consulted and a deed recorded based on the language in your trust document and the goals surrounding the property.
Ownership life cycle in real estate mean?
Ownership Life Cycle is the period during which one person or group owns a real estate asset. it typically has three phrases - acquisition: organization of the venture and development or purchase of the property - operation: property management and management of the company which owns the real estate - Disposal or termination: sale of the property and dissolution of the company, exchange of property, foreclosure, gifts etc
How do you purchase a license to get the rest of your quitclaim deed?
In the state I live in you do not have to purchase a license to perfect a quitclaim deed. It must be registered with the county Registrar of Deeds just as any other deed must be registered. A quitclaim deed conveys ownership only to the extent of the granter's ownership interest in the subject property (which could be none).
Do you have to be born in Hawaii to buy property in Hawaii?
No. Anyone can purchase land. No. Anyone can purchase land in Hawaii. There are two types of property ownership in Hawaii - Fee Simple (FS) and Leasehold (LH). - See more at: http://www.chacha.com/question/do-you-have-to-be-a-hawaiian-born-citizen-to-buy-land-in-hawaii#sthash.FYbCn8iv.dpuf
How can you protect your investment in a home if your name isn't on a deed?
If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.If your name isn't on the deed you don't have any ownership interest in the property. It is unclear why you think you have an investment to protect. If you helped to provide funds for someone else to purchase property but you're not on the deed then you simply provided funds toward the purchase. The only way to protect your "investment" is to have the owner sign a note and mortgage in your favor or promissory note, promising to pay you back.
