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If you are on the deed how much are you entitled to if the house is sold in New York State?
Wiki User
∙ 15y ago
Depends on how the deed is written. In general it would be a proportionate share to the number of persons on the deed. If there are two names, you would be entitled to half of the proceeds after all liens and mortgages are cleared.
Wiki User
∙ 15y ago
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When is real estate conveyed?
Real property is conveyed when the owner signs a deed and hands the deed over to the grantee. This is technically distinguished from real property being "sold". A property is "sold" when the contract of sale is signed and becomes effective. It is conveyed when the deed is delivered to the grantee. In order to be effective against the world the deed must be recorded.ClarificationHowever, if the sale is never completed by the execution of a deed, one cannot say the property was sold. Many, many property "sales" fall through due to contingencies and unexpected circumstances so the "distinction" made above is not the operative factor in the transfer of property.
When is real estate reversionary?
Real property is subject to reversion if there was reversionary language in the deed or will that transferred the title.
If you buy a home in Arkansas for 79000 how many deed stamps do you have to buy?
In Arkansas, deed stamps are $3.30 per thousand dollars of purchase price (rounded up to the next nearest thousand), so a $79,000 purchase price will require $79 x $3.30 or a total of $260.70.
Subject property what does it mean?
The "subject property" is the property referred to in a deed, mortgage, contract, title report, title certification, restriction, lease, etc.
Is a possibility of reverter a vested interest?
You have asked a very interesting question.The answer is yes. A reverter clause in a deed is only a possible future interest. The grantee becomes the owner of a fee simple estate. In fact, in order to be enforceable the restraint in the deed must be reasonable. Many reverter clauses are defeated by a court action.However, keep in mind that property that is subject to a reverter clause may be difficult to mortgage or sell.
In new york state if your name is on the deed and not the mortgage can you apply for a home equity line of credit?
Yes, you own the house
What does a New York State Real Estate Deed look like?
show me what deed like
Is a person to half of everything accumulated in the marriage if they divorce?
Whether or not you are entitled to half of your husband's house if you get divorced depends on a couple of things. If your name is on the deed along with his, then you are entitled to half the house. If your name is not on the deed but you live in a community property state, you get half the house. If your name is not on the deed and you do not live in a community property state, then you do not get half the house.
If a spouse did not contribute to the upkeep or purchase of the property are they entitled to half of the property?
No, the house is in the name of the one spouse. Which is why you MUST make sure you put both names on a deed.
If I am not on the deed to my future husband's house in New York state am I entitled to anything after we are married in event of divorce or death?
The laws vary by state, but generally speaking, the property your husband has before you are married, remains his if you are divorced. However, if you have contributed to the care, maintenance, improvement or have contributed to the payment of the mortgage, taxes or other costs of owning the house, you may be entitled to a percentage of the capital gain on the property for the time period of your marriage. If he dies without a Will leaving the property to you, you will be entitled to a portion under the state laws of intestate succession. If he leaves the property to someone else in his Will you will be entitled to a portion as the surviving spouse under the doctrine of election. You should consult with an attorney on your own if this issue troubles you. This is an important matter that should be discussed before you marry. See related question link.
Your name is on the deed to a house but not on the loan are you entitled to half of equity?
Yes. If you are a joint fee owner and you didn't sign the mortgage then your half interest is free of the mortgage.
If you own a house with your spouse and are in the process of getting divorced and the house sold before the divorce do you still split the proceeds?
If both of you signed the deed to the house you are entitled to half. However if your spouse owned the house before you were married it belongs to him.
What if your husband signs a mortgage with his brother Is the spouse legally entitled to ownership of the house?
The answer depends on your jurisdiction and your situation. Any rights you may have would only arise in the case of death or divorce if you're not on the deed. You need to add more details such as whether you live in a community property state, whose names are on the deed for the property, when it was purchased, what tenancy was recited in the deed, etc. If you live in a separate property state and your husband owns a property with his brother you may have no rights in that property whatsoever.
Is a husband entitled to equity in a house he is not on the deed to in ma?
No. Massachusetts is a separate property state. In a divorce the separate property may be considered in a division of property but the court would consider many factors before rendering a decision if the property ownership was a contested issue.
You cosigned for your father on his house and now he asked you to sign a quitclaim deeding the property to his name only As a cosigner are you entitled to any compensation even though you paid zero?
You have no financial claim on the property unless you are named on the deed. If you are named on the deed what amount if any you are entitled to depends upon how the deed is worded and the laws of the state in which the property is located Always keep in mind, when cosigning for anything it only means that you are accepting the responsibility for repaying the debt if the primary borrower defaults on the agreement not that you have a legal right to the property. Exactly! if you sign that quit claim you will be responsible for the loan but not entitled to the home in the event of foreclosure. Have him get a new loan in his own name.
Getting a divorce and house facing forsure and my name in not on the deed am I liable?
I have just separated with my wife to which i have three children. I have moved out living with my mother. Is my wife and children entitled to stay in the house even if the mortgage is in my name.
Why would you have to sign off on a warranty deed after your mother's death if your name was not on the deed?
If your mother's will named you as an heir, and she owned the house, then you would be an heir to the house (which has a deed in her name). If she had no will, then your state laws would almost always give a share of the house to any surviving children, again with only her name on the deed. If she and someone else had a joint tenancy deed, then her will (and the state laws of intestacy) have nothing to do with it, and it automatically becomes owned by the remaining survivors of the joint tenancy. If she is the final survivor, see above, as she had become the full owner.
