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Purchased a home but seller still has personal property in it what is our legal rights to this property?
Wiki User
∙ 16y ago
In many jurisdictions there is a presumption that anything the previous owner wanted to take was already taken prior to the moment of closing, unless otherwise agreed (in writing), so anything left behind is now yours and the deed serves as the bill of sale. Your local laws may have specific rules for such things as title to boats and vehicles that were abandoned on your property, mainly targeted at the excise tax due upon transfer.
In other places, you may have become an unintentional "trustee" of the property until its rightful owners claim it or otherwise dispose of it (including abandoning it to your possession). Your state may also have an abandoned property law that transfers the property to the treasury until it can be claimed (or liquidated and the proceeds claimed).
Technically, a deed only represents legal ownership of the property described in the deed, so you may want to discuss this with a local real estate attorney prior to disposing of any personal property.
Wiki User
∙ 16y ago
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Is personnal property left in a house I bought mine?
It is important to thoroughly inspect the property before purchase to ensure it is delivered vacant of personal property unless specified in the contract. If personal property was left behind, you may need to negotiate with the seller or seek legal advice to determine ownership rights. It is recommended to have a clear agreement in the purchase contract regarding the condition of personal property.
What are the rights of unpaid seller?
The seller's personal remedies against the buyer by way of action for the price of the goods or for damages for non-acceptance are discussed in chapter 8. An unpaid seller may also have certain rights in rem-against the goods themselves - rights which are of special value in the case of the buyer's insolvency or inability to pay the price or damages.
What is a transferor?
When dealing in conveyancing / property - the transferor is the seller. When dealing in conveyancing / property - the transferor is the seller.
When a seller of goods deemed to be an unpaid seller?
An unpaid seller has the following rights against goods notwithstanding the fact that the property in goods has passed to the buyer. 1. Right of lien, 2. Right of stoppage of goods in transit 3. Right of resale
What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
How did the company compaq come about?
Compaq was founded in 1982 and was, at one time, the largest seller of personal computers in the world. Compaq was later purchased by Hewlitt Packard.
What does it mean when property information includes this phrase Seller is related to the licensee?
The seller is related to the agent listing the property for sale or lease.
A seller does not waive Surface Rights what does this mean to a buyer of real property?
It means they could potentially harm the surface of your property and you could do nothing about it. If they wanted to drill for minerals on your land, they could do so...without compensating you.
Is Tower insurance an independent seller of insurance coverage?
"Tower Insurance is part of the Tower Group, Inc. Tower Insurance provides both commercial and personal property insurance, as well as auto insurance. It is not an independent seller of insurance."
What is real estate right of exclusion?
Owning real estate carries with it a traditional "bundle of legal rights" transferred with the property from seller to buyer. These are the recognized rights of the holder of title to the property and include:the right of possession - the property is owned by whomever holds title;the right of control - within the laws, the owner controls the use of the property;the right of exclusion - others can be excluded from using or entering the property;the right of enjoyment - the owner can enjoy the use of the property in any legal manner; andthe right of disposition - the title holder can sell, rent or transfer ownership or use of the property at willOwnership of land is holding "title" to it. The evidence of that title is the deed. The seller executes a deed to transfer title to real property and the bundle of rights that go with it.
If a person is buying property but has not yet paid for it can he remove anything off of the property legally in pa?
No. The buyer does not own the property until the seller has executed the deed to transfer title to the buyer and the deed has been recorded in the land records. The buyer has no rights in the property until they have taken title.
Is the personal information of a real estate seller part of title search?
Personal information such as mortgages, tax liens, judgments or other liens against the property would be included in the title examination. The owner would also be searched in the probate and family court for any probates or divorces that would affect the title to the property. In some areas the owner would also be checked for bankruptcy if that information was available. In effect, the personal information of the seller would be researched in the public records for any issues that would affect the title to the real property.
