When does a Deed to Secure Debt expire Georgia?
It will expire in 7 years if there is no 20 year clause.
If a deed to secure debt in the state of Georgia is not recorded by a mortgage company is it legal and binding?
Georgia is a "race notice" state and uses a deed as the security instrument for a debt affecting real estate. What that means is any instrument that affects real property must be recorded in the land records to be effective notice against the world. If a lender fails to record a security instrument and subsequent liens are recorded against the property the subsequent liens take priority. If the error is discovered and the unrecorded deed… Read More
Well Georgia is a Debt Deed state not a mortgage state. So if you have a debt deed to record you can do it at the clerk's office in the town , city or county where the property is located. Deeds will have to be filed there too. Read More
This sounds like another way of saying mortgage--the conveyance of property by a debtor to a creditor which, if the debt is not paid, can be kept by the creditor. Read More
Yes- those would indicate the same condition. Yes- those would indicate the same condition. Yes- those would indicate the same condition. Yes- those would indicate the same condition. Read More
Yes, by paying off the debt. Yes, by paying off the debt. Yes, by paying off the debt. Yes, by paying off the debt. Read More
If a relative who is on the deed to your house owes an outstanding debt can the debt collector put a lien on your house?
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Recording a mortgage secures an interest in real estate. The instrument used to convey property is called a deed. Recording a deed transfers an interest in real property as long as the grantor in the deed has an interest in the property. The grantee on the deed acquires "title" to the property by virtue of that deed. Having the title to the property examined by a professional title examiner confirms that the person signing the… Read More
No, you can't. You would cause additional legal problems for yourself, the bank would incur more costs and your debt would grow. You can not release yourself from the responsibility of the debt and can not assign the debt to others simply by executing a quitclaim deed. Read More
Auction Kings - 2010 Chastity Belts Georgia Land Deed was released on: USA: 2012 Read More
If you default on your mortgage in Ohio can the bank confiscate other property you own in Alaska to pay the debt?
Not unless you gave the interest in the Alaska property as collateral for the loan. If you signed the Security Deed..debt deed with only the Ohio property (unless it contains a "blanket mortgage" clause or cross-collaterazation clause giving the address & legal description to the Alaska property) you are fine. Also the Security Deed or Debt Deed would have to be recorded in Alaska (in the city or county) where the property is to be… Read More
When a spouse is borrowing money and the wife must sign the mortgage does her name have to be on the warranty deed?
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own. Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife… Read More
Generally, the term deed of trust can have different meanings in different jurisdictions and different transactions affecting land: The deed that conveys real property from an individual owner TO the trustee of a a trust that has been created in a separate trust document is called a deed of trust. In a different scheme a deed can convey real property from an individual to another individual AS THE TRUSTEE FOR someone else and then set… Read More
Trust Deed Scotland is a debt management firm in located in Scotland. One could also consult a debt manager at the Royal Bank of Scotland to help provide advice on getting out of debt. Read More
You will have to refinance the debt with your creditor, and qualify for the debt on your own merit. The co-signer will have to file a Quit Claim Deed. Read More
The people on the existing deed create and sign a new deed by which they convey the property from themselves to themselves and the additional owner. This new deed now has all of them on it. The idea of "adding a person to a deed" is technically wrong, because the old deed is not changed. A new deed has to be created and recorded. You would to have your attorney draw up a "quit claim… Read More
A security deed is used as part of a mortgage type transaction. It is a conditional conveyance of the property to the lender while the debt is outstanding. Legal title is transferred to the lender although the original owner has the right to the possession use and enjoyment of the property as long as the conditions of the loan are met. When the debt is paid the lender executes a reconveyance deed of the property… Read More
No. If he didn't sign the mortgage then he is not responsible for paying it. Read More
The estate is liable for the obligations of the deceased. They would have to settle the debts. Read More
Alabama - If spouse is being sued for his own credit card debt and you own a house together would it be a good idea to do a quitclaim deed for you?
yesget the quick claim deed Read More
If your name is not on the mortgage or deed are you responsible if the bank forecloses on your spouse's house?
If the bank is foreclosing on your spouse's house and you are not on the deed or mortgage then you are not responsible for the debt. The foreclosure should not affect your credit record. Read More
How do you get your mortgage payments counted on your credit score if you are on the deed but not on the mortgage?
Refinance the mortgage with you listed as a borrower. You will not be reported to the credit bureaus by being listed on the deed since you have no obligation to pay the debt. Read More
Yes. You must pay off the debt in full and get a deed from the person who purchased the property at the sheriff's sale. That deed must be recorded immediately. Read More
No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed. No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed. No. The grantor… Read More
There is only a payoff period of one hour before sale to satisfy debt. Once sale is is complete and a sheriff deed issued, there is no redemption period. Read More
Yes. If the mortgagee dies the debt is owed to their estate. Yes. If the mortgagee dies the debt is owed to their estate. Yes. If the mortgagee dies the debt is owed to their estate. Yes. If the mortgagee dies the debt is owed to their estate. Read More
You recently divorced and surrendered the house to her but did not sign a quick deed change of title The bank is now reporting it on your credit What are your options for removal?
Divorce does not alleviate you of liability on a debt; neither does a quit claim deed. Nothing changes or supercedes the original contract (note) or the lien (mortgage) which reinforces it. Your mortgage lender does not care about your marital status. The only way you can terminate your liability is to have your ex- refinance the mortgage loan in his/her name only. Deeds don't have anything to do with debt. A deed conveys your rights… Read More
Depending on the bank lender used to secure a mortgage, it is possible to buy two houses that are on one deed. It can depend on whether each house is deeded separately. Read More
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… Read More
Why will a bank only consider deed in lieu if the fair market value of the property is BELOW the value of the debt?
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Can a lien be placed on your house which is in your name only for debts incurred by your father if he is no longer on the deed?
It depends on when he was on the deed. A person who incurs debt cannot simply transfer their interest in real estate to a relative to avoid their creditors. The court will nullify the deed. That type of transfer is referred to a fraudulent conveyance. If the debts were incurred after your father transferred his interest to you your property may be safe. You should consult with an attorney. Read More
Your question is complicated and needs a lot more detail for a more concise answer. Generally: A sheriff's deed is the result of a judgment lien. It indicates the land was actually siezed. It can create a cloud on the title to real estate even when recorded after the property has been conveyed if the conveyance was to avoid creditors. If it relates to a debt that was recorded prior to a mortgage in a… Read More
If Annulment is not final and you buy a house in Florida can a lien or collectors come after you and attach a claim to the new home for wife's debt prior to marriage even with quit deed signed?
Debt prior to marriage should not be transferred, but any debt from the marriage is still your responsibility if she fails to pay. Read More
Yes, they usually are. It is up to the bank to file the lien, which they do as standard practice, otherwise it would be an unsecured loan. Yes is probably the right answer to the intent of your question. However a deed of trust is not actually a loan/lien or such in legal terms. It actually means that a 3rd party holds the deed (in trust) while there is a debt owed to the lender… Read More
You can effectively remove your name from a deed by executing a quitclaim on the property. However, this doesn't release you from paying the debt. If you were hoping to stick somoene else with the bill, no, it doesn't work that way. Read More
Yes. He is the sole owner of the real estate and the sole owner of the debt. Read More
18. It's the legal age in the nation (and in GA)when a person can enter into a contract. Read More
The laws vary in different jurisdictions but generally, a deed doesn't expire. However, until it is recorded in the land records it is only of use against the grantor and not against the world. If you don't record the deed and later the owner or the owner's heirs sell the property to another buyer, either not knowing or forgetting about the first deed, the second grantee will be the record owner as long as they… Read More
If I am separted from my husband and not divorced yet can he get a Mortage (Security Instrument) on land that he purchased before we were married but now has my name on the deed without my signature? Or if he has asked me to sign as the mortagor because my name is on the deed of the land, am I acutaly obligated to that debt? Read More
His estate will be responsible for the mortgage. Assuming the wife is not on the deed, if the mortgage isn't paid the bank will foreclose and take possession of the property covered by the mortgage. If the wife is on the deed and she consented to the mortgage the bank can foreclose. If she is on the deed and did not consent to the mortgage then the bank had a defective title and may not… Read More
The mortgage must be paid before the property can be sold unless the lender has agreed to let the buyer assume the debt. Read More
Yes. A warranty deed is a deed of conveyance. Yes. A warranty deed is a deed of conveyance. Yes. A warranty deed is a deed of conveyance. Yes. A warranty deed is a deed of conveyance. Read More
Can a spouse quit claim a deed to a non- debtor spouse ot prevent a property lien by a judgment creditor in MA?
You cannot convey property in order to avoid a debt. That is called a fraudulent conveyance and is frowned on by the courts. You should not execute any deed. Generally, if the property is held as tenants by the entirety you are protected from creditors. The creditor of one of the owners cannot force the sale of the property for the debt. Read More
One would assume that nobody can simply claim something that is not owned by a person to repay that person's debt. You need to consult with an attorney who can review the situation and determine if the lien is effective. Read More
You may have to have a probate court rule on ownership before you can legally sell or give away the property. Read More
If your husband is a co-applicant for a mortgage loan can you be held liable for the debt if the loan is in default?
Keyword here is "Co-applicant" ... Both of you are equally responsible and liable for the debt. If your name is not listed on the mortgage deed, then there would be little recourse in coming after you for the amount owed. Read More
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed. Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed. Not necessarily. You need to… Read More
There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner. There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner. There is no such document as a disinheritance deed… Read More
They are different. When referring to loans secured by real property a deed of trust is the term (and process) used in some states for a loan secured by real estate. The property is transferred to a trustee until the loan is paid and then the trustee transfers the property back to the owner by a trustee's deed. In many states a mortgage is used to secure real property that is used as collateral for… Read More
What happens if you were incarcerated before receiving a deed on property you bought and cannot secure the property in pa?
Your lawyer must bring the papers to you to sign. Being in jail normally does not affect property ownership. Read More