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When a joint tenant sells his or her interest the buyer becomes a tenant in common?
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∙ 11y ago
true.
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∙ 11y ago
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Can you sell your part of the property if more than one person owns?
Yes. If you are a co-owner of real property as a tenant in common or joint tenant you can sell your INTEREST in the property if you can find a buyer who wants to share ownership with your present co-owner. If you own an acre of land with another person you would be selling a 50% interest in the one acre parcel. You would not be selling a half-acre portion. A problem would arise if the property is held as tenants by the entirety. In some states one tenant by the entirety cannot sell their interest in the property to a third party. In some states a deed from one tenant by the entirety creates a peculiar and undesirable relationship between the grantee, the tenant by the entirety who still has an interest and the tenant by the entirety who conveyed their interest.
Can one party in an undivided interest gift their share of the interest to another party outside the undivided interest owners?
Yes. You are free to sell you interest to any willing buyer.
Can you sell your half interest in a property owned jointly with the right of survivorship?
Yes. However, they would need to find a buyer who is willing to share the use and possession of the property with the other tenant. If you sold your interest, the owners would become tenants in common.
Can a tenant in an apartment disclose material defects in an apartment to a buyer?
Sure he can! Landlord may not retaliate because of this.
Can you sale your part of inherited undivided land in Texas if owned by myself and 3 sisters?
Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.
Your name is on the mortgage and deed your son lives in the house it is going to foreclosure and he is going to sell what are your rights?
Your son can only sell his own interest in the property if you are a co-owner. However, he will have trouble finding a buyer for his interest because the bank is taking possession of the property by foreclosure. His selling of his interest would not stop the foreclosure unless his buyer paid all the outstanding debt on the mortgage. If he did find a buyer the buyer would become a co-owner with you. He cannot sell your interest. The foreclosure will affect your credit record as well as his.
Is an Automobile Buyer's Order a legally binding contract in PA if both the dealer and buyer have signed it?
In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.
Will your tenant be notified to move after foreclosure?
Under the Federal Protection for Tenants in Foreclosure Act, passed in 2009, the buyer at foreclosure must give the tenants 90 days to relocate. After that, in most states, the buyer must pursue a legal eviction.
can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?
Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.
Which provides greater protection for the buyer a bargain and sale deed or a quit claim deed?
Neither type of deed carries any warrantees. Both simply convey any interest of the grantor in the property if the grantor has any interest. The buyer must have a comprehensive title examination performed by a professional to determine the status of the title and what interest will be conveyed by the deed.Neither type of deed carries any warrantees. Both simply convey any interest of the grantor in the property if the grantor has any interest. The buyer must have a comprehensive title examination performed by a professional to determine the status of the title and what interest will be conveyed by the deed.Neither type of deed carries any warrantees. Both simply convey any interest of the grantor in the property if the grantor has any interest. The buyer must have a comprehensive title examination performed by a professional to determine the status of the title and what interest will be conveyed by the deed.Neither type of deed carries any warrantees. Both simply convey any interest of the grantor in the property if the grantor has any interest. The buyer must have a comprehensive title examination performed by a professional to determine the status of the title and what interest will be conveyed by the deed.
What is a conflict of interest in real estate?
The conflict of interest can arise if you are an agent selling his own or a direct family member's property and do not disclose this material fact to the buyer of the home.
How can I put my IRA rollover to best use?
According to the IRS, you are a first-time home buyer if you have not owned an interest in a principal residence during the first two years prior to the purchase of a new home. Principal residences include mobile homes and house trailers, houseboats and stock held by a tenant-stockholder in a cooperative housing corporation.
