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What is legal age to own property in Illinois or can a 17 year old own real estate in Illinois?
Wiki User
∙ 15y ago
You have to be 18 to have any real assets to your name.
Wiki User
∙ 15y ago
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How do you sell land that is inherited?
When a person dies owning real estate, their estate must be probated in order for title to the real estate to pass to the heirs legally. The estate must be probated whether the decedent died with or without a will. The property can be sold by the estate during the probate procedure once the debts of the decedent have been satisfied. If the property is not sold by the estate, it becomes the property of the heirs once the probate procedure has been completed. The heir(s) can convey the property by deed, citing the probate case as their source of title.
On America's Next Top Model what do they do with the old model houses?
Since they are usually located on prime real estate, the real estate agency in charge of the property simply rents it to another person or business.
Why was Canada such a valuable property?
Real estate agents, Canadian citizens and foreign investors interested in the Canadian property market are all in agreement - as Canada becomes a more desirable place to live year on year so property investment in Canada becomes a more attractive prospect year on year. Furthermore, because property in Canada is high quality, plentiful, incredibly affordable and easy to purchase, real estate in Canada is good value across the board.
Can a child under 18 who inherited interest in real estate from a grandparent in NJ sign the deed to transfer?
No, they are not of legal age. Their guardian must do it.
What real estate company did marge Simpson work for?
Red Blazer Real Estate.
What is the legal age to own real estate in Illinois?
The legal age to own real estate in Illinois is 18 years old. Minors can own real estate in Illinois, but it is often held in a trust or through a guardian until they reach the age of majority.
Can personal representative sell property without grantees signature?
Yes, but the grantee should make certain the personal representative has the legal authority to sell the real estate and transfer legal title to the property. The best way to do that is to be represented by an attorney who specializes in real estate and probate law.Yes, but the grantee should make certain the personal representative has the legal authority to sell the real estate and transfer legal title to the property. The best way to do that is to be represented by an attorney who specializes in real estate and probate law.Yes, but the grantee should make certain the personal representative has the legal authority to sell the real estate and transfer legal title to the property. The best way to do that is to be represented by an attorney who specializes in real estate and probate law.Yes, but the grantee should make certain the personal representative has the legal authority to sell the real estate and transfer legal title to the property. The best way to do that is to be represented by an attorney who specializes in real estate and probate law.
Is it legal for an illegal alien to purchase real estate in Illinois?
You do not need to be a resident of the US in order own property (real estate) in the country. However, the 'illegal' may find it difficult to go through the process without it being found out that they are an illegal alien.
Would a beneficiary Deed to property be legal in the State of Ga?
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
Who is a third party purchaser in a real estate transaction?
An outsider with no legal interest in the property.
What is meant by the legal description in regards to real estate?
The "legal description" of a parcel of real estate is the description carried forward in the deeds for that property. The legal description must be used for purposes of conveyance or in any other instrument that purports to affect that property such as a mortgage, lien or lease.
How do you get a corporation deed of a church building located in Brooklyn?
You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law.You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law.You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law.You need to determine the identity of the legal owner of the property and the entity that can execute a deed for that legal owner. You should consult with an attorney who specializes in real estate law.
Do you need a real estate license to sell your own timeshares in Missouri?
It is always legal for you to sell your own property. You only need a real estate license to sell other people's property on their behalf.
What does vest title mean?
Vest means to confer full title to real property. "Title" to real property means legal and absolute ownership. When a person dies owning real property their estate must be probated whether they die with a will or without a will. That is because title to real property, if not transferred by a deed from the owner, must be transferred by a court order. The court decree that allows the probate of an estate vests title to the real estate in the heirs. If the estate is never probated the heirs never gain legal ownership of the property and the result is a cloud on the title.
How are property lawyers different than real estate lawyers?
"Property lawyers deal with personal property, whereas real estate lawyers deal with real estate."
What has the author Fillmore W Galaty written?
Fillmore W. Galaty has written: 'Modern real estate practice in Ohio' -- subject(s): Law and legislation, Real estate business, Real property, Vendors and purchasers 'Modern real estate practice in Ohio' -- subject(s): Real property, Law and legislation, Vendors and purchasers, Real estate business 'Modern real estate practice in Georgia' -- subject(s): Real property, Law and legislation, Vendors and purchasers, Real estate business 'Modern real estate practice in North Carolina' -- subject(s): Real property, Law and legislation, Vendors and purchasers, Real estate business 'Study Guide for Modern Real Estate Practice' 'Modern real estate practice in Nevada' -- subject(s): Law and legislation, Real estate business 'Modern real estate practice in Illinois' -- subject(s): Licenses, Real estate agents, Conveyancing, Law and legislation, Vendors and purchasers, Real estate business
What is the impact of commonlaw in real estate?
Common law plays a significant role in real estate by providing a framework for property rights, contracts, and liability. It influences how property ownership is determined, how disputes are resolved, and how contracts are interpreted in real estate transactions. Understanding common law principles is essential for navigating the legal aspects of real estate transactions.
