The current owner of a home is the person, people, or entity (like a company or organization) which has the title to a home. The owner may or may not live in the home.
To get title to a house (real property--a house on land, a condo, or manufactured home with eliminated title), you must receive a deed from the current owner of record of the real property you wish to acquire. When the deed is signed by the current owner, it must be notarized and recorded in the property records of the county where the real property is located. Then, you are the title owner of the house. On personal property (mobile, modular, and manufactured homes), the current owner of the home signs off on the state-issued title to the home. If there is a lender or other legal owner on the title, that owner or lender must sign off also. Then, the new owner must take the signed off title to the state agency that handles vehicle titles. A new title with the new owner's name will be issued.
The owners of any property are the grantees listed on the current deed. The property may be subject to a mortgage if any owner granted a mortgage to a lender.
Can property be legally sold as an owner finance sale when there is a second home rider clause where the mortgage company has approved the current loan as a vacation home only and that only the owners are to occupy the property.
AnswerYes. Only the owner of the property can legally sign it over as collateral for a loan. The owner owns the equity in the property.
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In most states the County Clerk's office will have the recorded documents for the property in question including the current owner.
If the note holder has taken possession of the property then they are the current owner, you do not need to maintain a home owners insurance policy. This is because you are no longer the home owner.
Put it in the contract if you are buying, the current owner should fix it.
To get title to a house (real property--a house on land, a condo, or manufactured home with eliminated title), you must receive a deed from the current owner of record of the real property you wish to acquire. When the deed is signed by the current owner, it must be notarized and recorded in the property records of the county where the real property is located. Then, you are the title owner of the house. On personal property (mobile, modular, and manufactured homes), the current owner of the home signs off on the state-issued title to the home. If there is a lender or other legal owner on the title, that owner or lender must sign off also. Then, the new owner must take the signed off title to the state agency that handles vehicle titles. A new title with the new owner's name will be issued.
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The current owner of Derby Rail Works is Bombardier Transportation.