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How are homeowner claims paid to person who had deed but not policy?
Wiki User
∙ 16y ago
Homeowner insurance claims are paid to the policy holder, in a condo and the damages are being reimbursed by the association the deed and title holder gets the refund
Wiki User
∙ 16y ago
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If 2 people are on the deed and one moves out can the person who moved out be taken off the homeowners policy?
Did the person that moved out sign a quit claim deed? If not then they will probably have to remain on the policy.
What happened when a homeowner pay tax deed what happen?
You get a receipt.
Is the deed holder responsible for Homeowner Association fees if they are asked to leave by the homeowner?
Typically, the deed holder is responsible for paying Homeowner Association (HOA) fees, regardless of whether they are asked to leave by the homeowner or not. The responsibility for HOA fees is tied to the ownership of the property, not the occupancy status. So, even if the homeowner asks the deed holder to leave, they will still typically be responsible for paying any outstanding or future HOA fees until the deed is transferred to another owner. It is important to review the specific HOA rules and regulations and consult with legal professionals for accurate and personalized advice.
Can a homeowner association increase dues if that increase is prohibited in deed?
yes
What happens if the mortgage and deed are in two names and one claims banckrupcy?
What happens if the mortgage and deed are in two names and one claims banckrupcy
If my mother is deceased and the deed and home owners insurance is still in her name and the homeowner insurance lapsed How can I get new insurance?
Add your name to the deed.
Are you a homeowner if you pay mortgage?
You are, but your mortgage company is on the deed and is also considered an owner of your home.
Deed in lieu?
Often confused with a "short sell", a "deed in lieu" is used when a homeowner facing foreclosure asks the lender to accept the deed instead (in lieu) of foreclosure. A sample request for a deed in lieu can be found at the source below.
Is the presence of title insurance recorded on the deed?
No it is not. The same way that your homeowner's insurance is not recited into the deed either. Title insurance is non-transferrable between owners.
If a person with a life estate quit claims the property to someone else are they giving up their life estate?
Yes. A person who signs a quitclaim deed relinquishes all rights they have in that property.
How can I get out of a homeowner Association ?
As most home owners associations are written into the deed as a convanant there is no way out but to sell the property.
Who is considered a home owner?
In our little corner of the world we define/clarify a homeowner as the owner of record on the deed. So, yes, in our neck of the woods, you would have to actually be listed on the deed to be considered the "homeowner" that is eligible to be on the board, if our governing documents restricted directors to association members. If you are not listed on the deed, you are not a member of our association, even though you may be married to the person listed on the title/deed. If you're name isn't on there with him/her, then you are not a qualified owner/member of the association. However, our directors are not required to be association homeowners/members, so a spouse of a member could run for our board of directors.
