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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.
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∙ 16y ago
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Can a tax lien be assumed by the buyer of a property in Ohio?
Tax liens must be paid before title to the property is transferred. The purpose of a tax lien is to prevent the property from being transferred before the lien is paid.
When do liens have to be paid off on property?
Liens must be paid before the property can be mortgaged or sold. They should be paid as soon as possible. In some cases interest accrues until the lien is paid off.
Is there a gift tax if deeding house to child before death?
Yes, there could very well be a gift tax. Consult a tax attorney. And the estate could pull the property back into the estate if it is within a few years of death.
Can the estate's property be sold before the inventory is made?
No. The decedent's debts must be paid before any property is distributed. There is a statutory time for everything during the probating of the estate.No. The decedent's debts must be paid before any property is distributed. There is a statutory time for everything during the probating of the estate.No. The decedent's debts must be paid before any property is distributed. There is a statutory time for everything during the probating of the estate.No. The decedent's debts must be paid before any property is distributed. There is a statutory time for everything during the probating of the estate.
Can a deed be transferred if property is not paid off?
The mortgage must be paid before the property can be sold unless the lender has agreed to let the buyer assume the debt.
If property is deeded to person under age and the person deeding the property is receiving social security disability had inherited this property so now they have two properties?
If a person on social security disability inherited a property and then "deeded" it to a person who is underage there is one property. Why do you think there are two?
Will having a lien prevent the purchase of a home?
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
Can you be responsible for judgments against the previous owner of your property?
Absolutely yes, if you didn't make certain they were paid by the former owner before you paid for the property and took title.
When there are four siblings to an estate but only one pay the taxes on the property do they get the same amount when the property is sold?
Taxes due before sale are paid by the estate. After that they are paid by the new owner(s).
If ex husband signed the property over to you by quitclaim deed are his liens still on property?
Yes. The liens are attached to the property. You should insist that the liens be paid before the transfer.
Can someone purchase a home and then deed it to you?
Yes, if they pay cash. However, if they borrow money to purchase the property and have a mortgage, they cannot transfer their interest unless they notify the bank. The bank will likely demand the mortgage be paid before the property is transferred.Yes, if they pay cash. However, if they borrow money to purchase the property and have a mortgage, they cannot transfer their interest unless they notify the bank. The bank will likely demand the mortgage be paid before the property is transferred.Yes, if they pay cash. However, if they borrow money to purchase the property and have a mortgage, they cannot transfer their interest unless they notify the bank. The bank will likely demand the mortgage be paid before the property is transferred.Yes, if they pay cash. However, if they borrow money to purchase the property and have a mortgage, they cannot transfer their interest unless they notify the bank. The bank will likely demand the mortgage be paid before the property is transferred.
Property Insurance Coverage for paid off property?
An Insurance Policy in an appropriate Property Line can certainly offer you security for your paid off property.
