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When does the buyer legally own the property on which he is closing?
Wiki User
∙ 14y ago
The buyer becomes the legal owner when the deed is delivered. However, the deed must be recorded immediately in order for the new owner to become the record owner.
Wiki User
∙ 14y ago
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How do you obtain a special warrenty deed for your home?
The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.
If a person is buying property but has not yet paid for it can he remove anything off of the property legally in pa?
No. The buyer does not own the property until the seller has executed the deed to transfer title to the buyer and the deed has been recorded in the land records. The buyer has no rights in the property until they have taken title.
Can a minor legally own property in Oregon?
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
What does separate property state mean?
Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.Briefly it means that legally married people can own property in their own, sole capacity, even when acquired after marriage. Their spouse is not automatically given any interest in that property as they would be in a community property state.
Can a minor legally own property in Utah?
A minor cannot own real property. It could be held in a trust for the minor.
Can a minor own property in Oregon?
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
Can you change the locks on your house right away legally after a breakup?
If you own the property, you can legally change the locks whenever you want.
What is cash out on mortgages?
If you refinance a property you own and take out a new loan for more than the balance (plus allowed closing costs) of the previous loan you will receive cash at the closing. That makes a mortgage cash out. or.... if you own a property free and clear and want to take out the equity in your property you can do this by taking out a mortgage loan and the lender will give you the money at closing. When you walk away from closing with usually more that 2% of the mortgage balance as cash to you..that is considered cash-out.
Can a 16 year old in Michigan legally own personal property?
No because you are not legally an adult. You may be able to if you get an adult to cosign
What are the steps needed to own a time share?
If you've been on the web you may have seen the advertisement "Complete Timeshare Closings Services $225.00" or $250.00 or some other "cut rate" price. Well, the real truth of the matter is that there is nothing "Complete" about this service. Anyone who has been through a "real" real estate closing is aware that the closing company does a title search on the property and issues Title Insurance to ensure that the buyer is purchasing property that is free and clear of any liens. That is a "Complete" closing.
Can you pee on your own property legally?
yes. but why would you? it would smell and be disgusting
Can a spouse sell any personal property while they are separated?
If the property rightfully belongs to the spouse, then yes they can sell it. If they do not rightfully own the property, then they cannot legally sell the personal property.
