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Can someone file a lien on real property that has no mortgage that is an asset of an irrevocable trust?
Wiki User
∙ 15y ago
You can, but only if the lien is from a debt that is owed by the trust itself. If the debt is against the person who created the trust or against the person who is the beneficiary of the trust, then you cannot. The trust is considered a legal entity separate and apart from the individuals involved. The fact that it is a trust, as opposed to a person or business entity, does not prevent it from being liable for its debts.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoYes, they can.
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Is mortgage payable an asset?
A mortgage is an asset to the mortgagee (lender).
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Mortgage loans are available from brokers with information related to the property, the person's credit score and history, their down payment, their overall asset-to-debt ratio, and similar financial factors.
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The symbol for Western Asset Mortgage Capital Corporation in the NYSE is: WMC.
Whose financial asset is the life estate the remainder or the life tenant?
Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.
In what year did Western Asset Mortgage Capital Corporation - WMC - have its IPO?
Western Asset Mortgage Capital Corporation (WMC)had its IPO in 2012.
What is the market cap for Anworth Mortgage Asset Corporation ANH?
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If your home has no mortgage can you save it by placing in a revocable or irrevocable trust prior to filing Chapter 7?
Your best bet is to file a Chapter 13 and forget attempting to "hide" the asset. It will most likely create more provlems and can easily be considered a bad-faith transaction. Unless you have another reason to transfer the property, you may also see criminal charges for bankruptcy fraud.
What is a legal mortgage?
A legal mortgage is a security interest granted to the lender by the owner of property as a condition of the loan. A note details the specifics of the money being loaned to the borrower. The mortgage refers to a security interest which the borrower grants the lender. The lender takes the security interest so that if the borrower defaults on the loan, the lender can seize the underlying asset (the real property, or home).
