In many states you use a quit claim deed. You deed the property from the current owners to the new list of owners. If you have Mom and Dad on the deed and want to add Kid, then you would use a quit claim deed to release owner ship from Mom and Dad and give ownership to Mom, Dad, and Kid.
Yes, but it would have to be left in the care of an adult until the child comes of age.
The spouse must sign a deed and convey their interest in the property.
A deed or title is what determines who owns real property, so the answer would be no. However, it is extremely important for any property owner to be certain the title or deed is worded to their best advantage under the laws of the state where the property is located. Jointly owned property when not held by a married couple should, whenever possible, be titled Joint Tenants With The Right to Survivorship, (JTWRS).
If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.
Yes. If and only if the parent transfers the property to self and the child as joint tenants with the right of survivorship.
You must be "legally" an adult (or emancipated) in ANY state in order to "own" property.
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
If you mean, after the obligor has purchased the property, yes. If you mean, after the obligor has sold the property and no longer holds title, no.
"RTV" typically stands for "Release of Trustee's Deed" on a title examination, indicating that a trustee has released their interest in a property following a foreclosure sale. This document is an important part of the title search process to ensure clear ownership of the property.
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.
Escheat is the legal process by which title to property reverts to the state when a decedent has no legal heirs to claim it.
An abstract of title is a summary of the history of ownership and any claims or liens on a property, while a title search is the process of examining public records to determine the legal ownership of a property and uncover any potential issues that may affect the title. Essentially, the abstract is a document summarizing the title search results.