0
You can give a deed to someone when they have not paid for the land but it would be difficult to find a good reason to do so. A deed states on its face that one party has transferred the title to real estate to another property and has received a certain consideration in exchange for the property. The new owner owns the land and since the deed has been delivered there will be no enticement for them to pay for the land later if the consideration has not been exchanged for the deed.
On the other hand, if you are asking if a person can convey real property to another person without that other person being required to pay any consideration, the answer is yes. However, there are different rules in different jurisdictions. You should consult with an attorney in your jurisdiction who specializes in real estate law to make certain the deed is properly drafted.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is an accommodation deed?
To give someone access over your property? To give away some of your land?
Is your deed given to you at the closing?
Normally no. You don't get the deed until the mortgage is paid off.
How to force someone off deed?
To force someone off a deed, you have to take the person to court and file a civil judgment. A judge can remove someone from the deed.
What name is give to someone who is paid?
That would be called the payee.
What happens when two people sign for a loan but only one is on the deed?
Whomever signs on the dotted line is responsible. So in this case, both people are responsible for the loan being paid regardless of who is on the deed. In fact, the deed can be transferred or deeded to someone else altogether, but the 2 individuals who took out the loan are still responsible to make sure payments are paid and who will ultimately be affected if payments are not paid. The property is only collateral for the loan.
One owner of real property is out of the country. Can he give power of attorney to someone to sign a deed on his behalf?
Yes.
Deeding property before it is paid?
Could be a "deed in trust", meaning the deed is granted with a provision reverting its ownership to the seller if the corresponding note is not paid according to its terms.
Is a quitclaim deed the same as a mortgage deed?
No. A quitclaim deed transfers the property to a new owner permanently. A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.
Can a deed holder be removed from an existing deed with notification?
The only way a person is "removed" from a deed is by conveying her interest to someone else by a deed.
Can a bank foreclose on a house if one spouse's name was deleted from deed without consent?
The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.
What the happens when the mortgagee never recorded deed for real estate property?
Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.
Can supplementary deed supersede trust deed?
The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.The only effective deed is a deed signed by the current owner of the property or in the case of a trust, the current trustee of a trust that owns property. If the owner conveys property by a deed after they have granted a mortgage by a trust deed the property is subject to the mortgage and if it's not paid the lender can take possession of the property.
