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Is there any recourse for the buyer of an owner financed agreement when the seller does not provide or have the deeds and property transferred for insurance and tax purposes?
Wiki User
∙ 18y ago
Property cannot be sold or transferred without there being a clear title. If the owner/seller has lost or misplaced the general warranty deed and the lien release, it is a fairly simple matter to obtain copies. Contacting property recorder's or assessor's office in the county where the property is located will obtain the desired information.
Wiki User
∙ 18y ago
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When should you get home insurance?
Whenever you own a home. * Homeowner's insurance is mandatory while the property is being financed, and always the best option when property is owned outright.
Can you sell property and still have insurance on the property and collect on it?
The insurance policy will be transferred in the name of the new property owner and will be entitled to all benefits against the said policy.
What is an agreement to sell become a sale when the time elapses or the condition is fulfilled subject to which the properties in the goods is to be transferred?
A agreement to sell becomes a sale when the prescribed time elapses or the conditions, subject to which the property in the goods is to be transferred, are fulfilled.
What is the minimum amount of auto insurance required by law on a financed vehicle in Ohio?
All states have regulated the minimum required Liability Limits of Auto Insurance within that state. Your lienholders Finance Contract that you signed will determine the amount of your property insurance coverage required to protect their interest in your financed vehicle.
What e is not likely to be found on a lease agreement?
The cost of insurance. A+
How do you switch a title to a new owner?
Title to real property is transferred to a new owner by a written document called a deed. Title insurance cannot be transferred to a new owner. Each owner must purchase their own title insurance.
What is difference between deed of transfer and agreement for sale?
A deed transfer is where under a contract of sale of property in goods is transferred from the seller to the buyer while agreement for sale is where transfer of property is to take place at a future time or is subject to some conditions to be fulfilled latter.
Can you insure someone else's financed car?
No. Insurance cannot be obtained on property which the policy holder has no vested interest or ability to control.
Does a settlor have to execute a deed to add property to an existing trust?
Yes. The property must be transferred by the owner to the trustee of the trust.Yes. The property must be transferred by the owner to the trustee of the trust.Yes. The property must be transferred by the owner to the trustee of the trust.Yes. The property must be transferred by the owner to the trustee of the trust.
Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?
No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.
What is the difference between a perpetual lease and a sale deed?
A lease is the written agreement under which the property owner allows the tenant to use the property for a period of time in exchange for the payment of rent. A sale is an agreement in which property is transferred from a seller to a buyer for a fixed price.
Is the estate administrator responsible for home ins?
Yes. The administrator is responsible for all the property in the estate until the estate has been distributed and closed. If there is real property included in the estate the administrator's duty would include maintaining insurance on the premises until title has been legally transferred to the heirs.Yes. The administrator is responsible for all the property in the estate until the estate has been distributed and closed. If there is real property included in the estate the administrator's duty would include maintaining insurance on the premises until title has been legally transferred to the heirs.Yes. The administrator is responsible for all the property in the estate until the estate has been distributed and closed. If there is real property included in the estate the administrator's duty would include maintaining insurance on the premises until title has been legally transferred to the heirs.Yes. The administrator is responsible for all the property in the estate until the estate has been distributed and closed. If there is real property included in the estate the administrator's duty would include maintaining insurance on the premises until title has been legally transferred to the heirs.
