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You should consult with an attorney, preferably the one who will represent you at your closing. The attorney can explain the various tenancies in your jurisdiction, their benefits and consequences, and tailor your deed to reflect your particular needs.
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∙ 13y ago
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Does a co-signer on a mtg get any rights to the property if the main borrower dies?
That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.
Who owns the title of the property?
Ownership of real estate is evidenced and accomplished by a deed. The person who transfers the property is called the grantor and the person who receives it is the grantee. In any deed, the grantee is the new owner. The owner of real estate is said to hold title to it.
Is Mississippi can the husband hold complete ownership in a deed of trust?
A deed of trust is similar to a mortgage. A husband does not "hold" ownership by a deed of trust. Ho holds title by virtue of a deed showing him as the grantee. He would grant (and sign) a deed of trust in order to borrow money using the property as security for the loan.If both husband and wife hold title then both must sign the deed of trust. If only the husband holds title and the couple resides at the property under a homestead exemption then both must sign. This is a complicated issue. If you have further questions you should consult with an attorney.
Are property deeds in queens county survivorship deeds?
Each state has several different forms of deeds and different ways multiple owners can hold title. You need to check each particular deed to determine if it is a survivorship deed.Each state has several different forms of deeds and different ways multiple owners can hold title. You need to check each particular deed to determine if it is a survivorship deed.Each state has several different forms of deeds and different ways multiple owners can hold title. You need to check each particular deed to determine if it is a survivorship deed.Each state has several different forms of deeds and different ways multiple owners can hold title. You need to check each particular deed to determine if it is a survivorship deed.
Can you sell a house without the deed?
If you owe money on a home you should hold title. A deed is the document that is publicly recorded. It signifies that you have an ownership interest in the real property described in the deed. It is not required that you have a deed, but it is not technically your house if you do not have a deed since you are not on title. It is not good to have a mortgage on a home that you don't own. Typically this can only occur if you sign a Quit Claim Deed that takes you off title. When you purchase a house it is the most critical part of the transaction since it is the document that actually transfers ownership.
What is a reconveyance deed?
In some states a mortgagor conveys the property to a trustee to hold title while the mortgage is outstanding. Reconveyence is the process by which a title to a property is returned to the owner on her request upon the fulfillment of conditions for which such title was assigned to the trustee. The document used to convey the title back to the owner is a reconveyance deed.
Does your name on the the deed mean you own the the house?
Not necessarily as you could have used the deed as security against a loan and the person lending you the money can take the house from you if you fail to meet the loan repayments. (They will usually hold the deed for you while you owe the money). Also it is best to check with the land registry to see who the government thinks owns the house. As in may countries deeds are being replaced by official property register databases.
Is the buyer the owner?
The OWNER is listed on the TITLE and/or registration. The buyer actually becomes the owner when all financial obligations are paid in full. For instance... when you are buying a house you are considered to be an owner because you hold the deed. But, there is a Deed of Trust for the property, held by the lender. That gives the lender the right to take the property if the borrower defaults.
Do you have sole ownership of home if husband is deceased and quit claim puts his and your name on the deed?
It depends on the tenancy recited in the deed. If the deed recites that you will hold title as joint tenants with the right of survivorship then husband's interest will automatically pass to wife upon his death.
What is the difference between a Deed and a Deed Of Trust?
A deed is the instrument used to transfer title to real estate. A deed of trust transfers property to someone to be held in trust for another. A deed of trust can have different meanings in different jurisdictions. In some states a deed of trust has the effect of a mortgage. A trustee holds the property until the debt has been paid. In other jurisdictions a deed of trust is a deed that transfers real property to a trustee who will hold title to the property indefinitely according to the terms of the trust. The trust may be one that was created in a separate instrument that is referenced in the deed or the trust may be set forth in the deed itself.
What a joint tenancy warranty deed?
Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.
Your father wants to give you and your husband a piece of land in Texas what do you need to do to do this?
You need to have a deed drafted by an attorney who will explain your options under Texas law in choosing how to hold title.
