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It would if you met all your state's requirements for making a claim under adverse possession.

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Q: Does adverse possession apply to bank property?
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What is a bank's defense for adverse possession?

A bank's defense, or any property owner's defense, would be that the adverse claimant hasn't met the state requirements for a valid claim.


What if there is still a bank loan on the property you are trying to file an adverse possession on.?

The bank has a prior interest and you would have to pay it if your claim is successful.


Does the bank still collect from a deceased co signers estate if the property was sold?

The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.The bank has a lien on a mortgaged property that is not affected by a transfer of the property. The bank will go after the decedent's estate and the cosigner for payment of the mortgage. If the mortgage isn't paid the bank will take possession of the property by a foreclosure.


What do you do if you inherit a reverse mortgage?

If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.If you inherit property that is subject to a reverse mortgage you must make arrangements with the bank to pay off the mortgage if you want to keep the property. If not then the bank will take possession of the property under the terms of the reverse mortgage.


Who is responsible for my deceased 51-year old son's mortgage on his home?

The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.


Can a mortgage be taken out on land contract?

You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.


Can a bank reclaim a house after you took it by adverse possessionAnd if so are you responsible for any liens on the property And or would you be compensated for any improvements that was made?

You need to provide more details. In most jurisdictions you must perfect a claim of adverse possession by some sort of court decree. If you improved property that you didn't own then you were a volunteer and have no right to be compensated for the improvements. It sounds like you were dwelling in a house that was covered by a mortgage that has been foreclosed. If that is correct, the bank's interest is superior to yours. The owner of the property is responsible for any liens against the property.


What happens if a property is foreclosed and you have a life estate?

That depends on whether you consented to the mortgage. If you signed the mortgage you transferred your life estate to the bank during the period the mortgage was unpaid. If the mortgage went into default the bank can take possession of the property and wipe out your life estate. If you did not sign the mortgage the bank would take possession of the property subject to your life estate and your right to the use and possession of the property would continue.


What is the Statutes of limitations on abandonment of personal property?

Generally, when real property is "abandoned" there are other entities that can acquire title legally. If there is a mortgage in default, the bank can foreclose and take possession of the property. If there is no mortgage and the owner has abandoned the property the town can take possession of the property for non-payment of property taxes. Title to real estate must be transferred legally. If you are thinking of acquiring property by adverse possession, in Mississippi, the duration of such possession is ten (10) years. Mississippi Code §15-1-7, 13.


What happens during a foreclosure?

After a default by the borrower the bank takes possession of the property and sells it.


What happens when the bank takes possession of a company?

If a bank is on the brink of taking possession of a company, chances are the company is in financial trouble. When the bank does take possession it usually means that the company has gone into foreclosure. They will then sell the property and the company owners will need to settle their financial issues.


Can anyone mortgage any property without the signature of the registered owner or does it require the signature of the owner?

Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.