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In a special warranty deed is the grantee responsible for homeowners association dues that were not paid by the grantor?
Wiki User
∙ 14y ago
Regardless of the type of deed by which you took title, you have a problem. The purpose of having legal representation and a professional title examination performed before purchasing real estate is to disclose any liens, fees, taxes, municipal charges, etc., that affect the property. All those issues should be cleared up prior to the closing BEFORE the consideration is paid to the seller. The consideration is your leverage and your closing attorney is responsible for assuring that you acquire clear title. There should have been some type of certificate from the HOA presented to you at the closing, by the seller, stating that there were no unpaid common charges or dues. The HOA dues are a lien on your property and must be paid. You will need to pay those dues before they incur additional charges, and sue the prior owner. If you are successful you will get a judgment lien from the court that can be recorded in the land records. The defendant, if he owns any other real estate, will not be able to sell or refinance his property until he pays your judgment. You will need to try to collect the judgment yourself unless you hire an attorney now, to protect your interests.
Wiki User
∙ 14y ago
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Who is responsible for water damage in condo basement?
In this case, call the broker who handles the master policy for the condominium association. Who repairs the damage and who pays for the damage may be different. The broker and the board and any involved owners can review the governing documents to determine who owns the basement. Further, determination must be made for the cause of the water damage.
Does the Deed holder on a home have full ownership even if their name is not on the mortgage?
The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.
Can a Quit Claim Deed from bank or tax foreclosure be converted to a Warranty Deed?
No. The grantor has the benefit of choosing what warranties they will provide at the time of the sale or the warranties are negotiated by the parties at that time. Once the grantor has executed and delivered the warranty deed to the grantee they cannot take it back to revoke the warranty covenants. The grantee on the deed is the new owner and the grantee cannot make changes to their deed. If there was an error made you need to consult with an attorney as to how it can be corrected.No. The grantor has the benefit of choosing what warranties they will provide at the time of the sale or the warranties are negotiated by the parties at that time. Once the grantor has executed and delivered the warranty deed to the grantee they cannot take it back to revoke the warranty covenants. The grantee on the deed is the new owner and the grantee cannot make changes to their deed. If there was an error made you need to consult with an attorney as to how it can be corrected.No. The grantor has the benefit of choosing what warranties they will provide at the time of the sale or the warranties are negotiated by the parties at that time. Once the grantor has executed and delivered the warranty deed to the grantee they cannot take it back to revoke the warranty covenants. The grantee on the deed is the new owner and the grantee cannot make changes to their deed. If there was an error made you need to consult with an attorney as to how it can be corrected.No. The grantor has the benefit of choosing what warranties they will provide at the time of the sale or the warranties are negotiated by the parties at that time. Once the grantor has executed and delivered the warranty deed to the grantee they cannot take it back to revoke the warranty covenants. The grantee on the deed is the new owner and the grantee cannot make changes to their deed. If there was an error made you need to consult with an attorney as to how it can be corrected.
What does the phrase 'as her property and estate' signify in a warranty gift deed?
That language directs that the grantor wants the grantee to hold title in her own right without any interference from any other person and that no other person shall acquire an interest by virtue of the conveyance to the grantee.
3 people have right of survivorship and one quitclaimed their interest to a new party Is this new co-owner responsible for that persons part of the mortgage?
If the joint owner who conveyed her interest was paying a third of the mortgage then her grantee would also be responsible for paying that share. The grantee in the quitclaim deed is a tenant in common with the other two joint tenants.
What is a grantor and what is a grantee?
The "grantee" is the person or organization to which the specified rights are given.Example: The person giving a Power of Attorney is the "grantor", the person receiving/accepting the POA is the "grantee".
Special Warranty Deed?
According to Fortenberry (2017) of DeedClaim dot com, "A special warranty deed (called a grant deed, covenant deed, or limited warranty deed) is a deed form that transfers property with a limited warranty of title." If you have any further needs with this specific kind of deed, their service has proven to be incredibly helpful. They also have all the forms online and will walk you through your special warranty deed by hand. You only pay when you're ready to print for $59.99. What attorney would be dumb enough to charge that little and do it that quickly? ;) Cheers!
What is the grantee in real estate transaction?
The grantee is the receiver of the property. The grantor is the owner who transfers their interest to the new owner- the grantee.The grantee is the receiver of the property. The grantor is the owner who transfers their interest to the new owner- the grantee.The grantee is the receiver of the property. The grantor is the owner who transfers their interest to the new owner- the grantee.The grantee is the receiver of the property. The grantor is the owner who transfers their interest to the new owner- the grantee.
Can a lifetime right be removed by grantor?
No. It can only be released by the grantee in writing or by the grantee's death.
Can a parent deed his property without signatures of other siblings?
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
If you sell it to me then an i the grantee or grantor?
The grantor is the seller and the grantee is the buyer when speaking of real estate transfers.
Does a grantee still own the property granted by a grantor if grantor is dead?
Generally, yes. The grantor on a deed is the one who owns the property and is transferring it to the grantee. Once the deed has been executed and delivered to the grantee the grantee is the new owner and they must record the deed in the land records as proof of their ownership. The subsequent death of the grantor has no effect on the grantee's ownership.
