Want this question answered?
Yeah, but you need to make sure you insure for all owner parties and document each insured persons interest in the home. If the home is part of an estate or a probate process, the executor can also buy the policy.
The optionee is the person who pays the optionor for the right to buy a certain piece of real estate which the optionor owns.
Real Estate Companies that provide listings for cheap properties include Real Estate NZ, Realtor, Real Estate, Zillow, Nolo, PR Web, Real Estate One, Rent Swap Buy, and First National.
Andrew Estate Agents are a real estate agency located in the United Kingdom. A person can buy a home, sell a home, offer a rental property, or rent a property through this agency.
commercial real estate loan
No. Not unless the right to revoke was reserved in the original grant. A life estate expires when the life tenant dies, by a court order or by their release in writing.
Yes, you can sell a life estate. It is very difficult to value something that is dependent on the life span of an individual. And few people want to buy a life estate.
If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.If you own a life estate and want to own the fee simple in that property then you must buy it from the owner.A person with a life estate has the right to the use and possession of the property for the duration of their natural life or whatever terms were made when the life estate was created. Some other person owns the fee simple in the property and they will acquire the use and possession of the property when the life estate has ended.See related question link.
One can buy real estate in Atlanta by first searching real estate sites such as Realtor and Trulia. This would allow one to find a house or apartment of interest. After touring the house, he or she would be able to settle on a price for the new home.
No. It can only be released by the life tenant in writing, voluntarily. If the life tenant doesn't want to relinquish the life estate, the heirs would need to buy them out or wait until they have died.
The remainder was not enough to buy breakfast.
No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.
Yes. As long as there exists an Insurable Interest between two parties, they can buy life insurance. For instance, there is insurable interest between spouses, parents and their children, and relatives. A daughter may purchase life insurance on her father.
Yes, your mother can buy a life insurance policy on you because she has an insurable interest in you. And, you can buy a life insurance policy because everyone has an insurable interest in their own life. However, your mother may need your permission and your signature on the application for life insurance that she purchases with you as the insured person.
Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.
Have her sign a Quit Claim deed giving you her rights in the house. Of course, she is likely to want something in return! In other words, you are going to have to buy her share of the house. Just another reason why marriage is a better legal option!
An insurable interest is any financial interest in life or property such that, if the life or property were lost or harmed, the insured would suffer financially. For example, you cannot buy insurance on someone else's house. Unless you own the house, you would not suffer a financial loss if it burned down. However, if you depend on your spouse's income to live, then you have an insurable interest in your spouse and can buy insurance on his or her life.