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Does an owners life estate hinder my forcing the sale of land?
Wiki User
∙ 14y ago
A life estate grants the right to the USE and POSSESSION of real property for life. The holder of a life estate is not the owner of the property. Therefore, you cannot take possession of the property and sell it if you have a judgment lien only against the life estate holder. If you have a judgment lien against the owner of property that is SUBJECT TO the life estate of someone else, the property would remain subject to the life estate if you took possession and tried to sell it. You would need to find a buyer who is willing to honor the existing life estate.
Wiki User
∙ 14y ago
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What Life estate is measured by the life of a person other than the life tenant?
In NC if the life estate person moves out does that break the life estate so the remainder of the owners can sell the the house and land
Who are Stakeholders in real estate industry?
Stakeholders of any industry means all those who are related to that industry, directly or indirectly. Therefore stakeholders of real estate industry are real estate developers, property brokers, home buyers, land owners, property owners, housing finance institutions and all those are related to real estate sector
Can a life estate be undone?
The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.
Who are the land owners of antarctica?
There are no land owners of Antarctica.
What is the definition of condominium?
A condominium is ownership in common with others whereby multiple owners own separate units in a structure (or structures) and a proportionate interest in the land and common areas.
Who are able to use the Massachusetts labor law service and why?
Land use representation for real estate developers and owners of commercial and residential property in Massachusetts.
What services does Your Real Estate offer buyers?
Located in Sydney, Australia, Your Real Estate functions as a real estate proprietor which markets private properties on behalf of the owners. They also sell land lots for development by large-scale companies for further marketing.
What is the maximum estate a person may hold in land?
the maximum estate in land
How do multiple owners of one property convey the property if one owner is deceased?
You can transfer any property owned by you at the time of your death by executing a Last Will and Testament. In your will you can distribute your property according to your own wishes. If you die without a will, or intestate, each state has a statutory scheme by which your property will be distributed to your next of kin equally.Another means of transferring ownership of property after you die is to transfer it to a trust while you are living. The trust can be drafted so that the property passes to a beneficiary upon your death. For this you need to consult with an attorney who specializes in trust law and who has a good reputation.
What percent of land did the first estate in France have?
The first estate had 10% of the land in France.
What is difference between real estate and land developer?
Real estate is the actual land and any structures on it.A land developer will buy the real estate and build on, improve or develop the real estate.
Is land sold need to be reported on taxes from an estate?
Yes someone is supposed to report the sale of the land from the estate and if pay any income taxes that may be due on the sale of the land from the estate. The trustee or administrator of the estate or the beneficiaries of the estate.
