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If a property is jointly held by mother and one of the sons does the property automatically goes to the joint holder after her demise?
Wiki User
∙ 12y ago
If the deed is properly drafted- yes.
If the deed is properly drafted- yes.
If the deed is properly drafted- yes.
If the deed is properly drafted- yes.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIf the deed is properly drafted- yes.
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What are subscription receipts?
A provisional certificate entitling the holder to a fractional share of stock or the jointly held property.
What mean inherited?
Inherited means to receive money, a property or a title as an heir of death of the previous holder. Wrong An inherited behavior is one that is not learned. It's done automatically.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
How can a lien holder refuse to return property back to buyer?
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
What is the status of the joint holder in a flat in a cooperative housing society?
joint holder of shares of the society if his name stand second in share crtfcte.and also his name is in the flat purchase deed HE WILL CALLED A JOINT MEMBER of the socty.in this way he have property rights and ownership rights jointly with his co owner and first member of the society.In this case they both have equal rights on property and as per transfer of property law any co owner can sell or gift his shares to any one of his choice with conest of his other co owner.
How do you refinance a life estate property?
Generally, in order to refinance the property the owner of the property AND the life estate holder must both sign the mortgage. If you are only a life estate holder you cannot refinance the property. A lender will grant a mortgage to the owner of the property only and the life estate holder must sign their consent. See related question link.
Can a spouse or authorized credit card user be held liable for a primary holder's credit card debt in Maine even if real estate property is held jointly?
YES No if you are an authorized user. However, they can put a lien on your house since it is joint but they can not force you to sell it.
What is a life estate owner?
A life estate holder has the right to the use and possession of real property for the duration of their natural life. They do not own the property but the property cannot be mortgaged or sold by the fee owners without the consent of the life estate holder. The life estate is extinguished when the holder dies.
Does mortgage holder or deed holder sign at closing?
If the property is subject to a mortgage the mortgage must be paid off at the time of the sale of the property to a new owner. The holder of the mortgage must provide a signed release of the mortgage that can be recorded in the land records.The owner of the property signs the deed that transfers the property to the new owner.The new owner of the property signs the new mortgage.
Who can acquire a copyright?
Unless other arrangements were made, the creator is automatically the copyright holder.
Does a lien holder automatically get paid from an inheritance?
It depends on what the lien is against. If it is against the estate, it has to be resolved before distribution. If there is a lien against your property, your inheritance does not have to be used to pay it off, however, it could be claimed through a court order.
What is a Lian holder?
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.
