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I purchased a property with fiduciary deed and now you want to sell the property will you have a problem?
Wiki User
∙ 14y ago
As long as you had the title to the property examined by a professional there shouldn't be any problem. The attorney who represented you at the closing would have made sure the estate was in order and that the fiduciary had the legal authority to convey the property.
Wiki User
∙ 14y ago
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What is fiduciary accounting?
Proper accounting for property that is entrusted to the fiduciary acting under the conditions set forth in a deed
I looked the title deed to my house and I noticed the address is incorrect. How can I correct this mistake since I purchased the house seven years ago?
If the deed description of the property is correct then it's not a problem if only the address is recited incorrectly. The deed description is what identifies the property that is being conveyed. If the property address is the only description of the property then you have a problem. You would need to obtain a corrective deed.
How do you get back a property purchased on someone's name?
Ownership of real property is transferred by a deed. The grantee on that deed is the new owner. If you want to own that same land you need to ask the owner to transfer it to you by a new deed listing you as the grantee. Property should never be purchased in someone else's name.
If you lost a registered deed to the property will that cause a problem?
Generally, a lost deed will not cause a problem as long as the deed was filed in the land records office. A deed is executed to transfer ownership of property to the grantee. Recording the deed in the land records provides permanent proof of the transfer of ownership. In a subsequent sale of the property the original deed does not have to be produced since the title will be checked in the land records. The recorded copy of the deed will suffice as proof of ownership. Once a deed has been recorded you can obtain a copy for a nominal fee. The only time a lost deed can cause a problem is when it was not recorded. See link.How_long_is_an_unrecorded_deed_valid
How can a disinheritance deed be revoked?
There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.
Is any problem for peaceful enjoyment of property acquired through a gift deed than that of transfer of property for consideration?
Neither method affects "peaceful enjoyment" of the property as long as the grantor in the deed is the owner.
What is a Fiduciary deed?
A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.A fiduciary is a person who has the legal authority and responsibility to act for another. Fiduciaries are in a special position of trust and governed by laws that define their authority and provide penalties when they misbehave. Examples of fiduciaries would include trustee, executor, conservator, guardian, attorney in fact, agent, personal representative, etc. A deed from any person acting as a fiduciary is a fiduciary deed.
How does someone buy property?
Property can be purchased with a loan from a bank or with cash. The deed must be signed to prove ownership and to begin paying property taxes one the land.
Can i claim to own my property from my landlord?
Unless you have purchased the property from your landlord as opposed to continuing to rent it, you have no right to claim to own the property. To prove ownership of the property, you would require the deed.
What happens if a piece of property you purchased by quit claim deed has a mortgage against it?
You must pay the mortgage or the lender will take possession of the property by foreclosure.
Can buyer claim tax credit through contract for deed?
Yes as long as the property was not purchased by a family member.
Can you sue previous owner if property line fence was not on the correct line?
The current, registered deedholder is the one responsible for the property or any issues surrounding it. The prior owner, passed on this responsiblity to the new owners once the deed was transferred and is no longer responsible for such issues. Sue the new owners. Its their problem now.Answer/ClarificationIf you purchased property by a warranty deed and now find that your fence is on your neighbor's property you may be able to obtain damages from the prior owner. You should contact the attorney who represented you when you purchased the property. She/he can review the situation and advise you of your options.
