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When two people are on a property title can one person get a home equity loan in his name only?
Wiki User
∙ 19y ago
Yes, the loan can be in one sole persons name, but the title can remain in two peoples names or be transfered into one. If you need some help with this I handle situations like this all the time give me a call 214)607-1445.
Wiki User
∙ 19y ago
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Can you get a home equity loan on a property you don't own?
No. You are not required to reside at the home that you draw your equity from but you must own it, which means you must be on the title.
If my name is on the title of the home. Do I have equity in the home?
Yes you do. *Clarification: if you own the home you are owner of any equity that may be realized by the sale or leveraging of the property. That does not mean the home has equity. It only has equity if it is worth more than loans or liens held against it.
Can someone else's credit be used to obtain an equity loan if they are not on the first mortgage or title?
If the person lives in the home and is added to the title, it can be done.
Is ownership of personal property conveyed by a bill of sale or deed?
Ownership of personal property is conveyed by a deed. A bill of sale is merely a transaction written on paper. The person who has ownership is the person listed on a deed or title. In the absence of a title, such as in furniture, a bill of sale is proof of ownership. It just depends on the type of property, and whether the property is required by law to have a title.
If you cosigned for your brothers house and he has since obtained a second mortgage on the property will he need your signature to sell the house?
If you are on the title, he will have to get your signature. The fact that he got a home equity with out you signing ( assuming you did not sign ) tells me you are not on title. You would have had to sign for that also. You have to sign to every transaction if you are on title / deed to the house.
What does it mean when a foreclosed property reads that the property owner sold property to the bank for 1000?
That means that the owner had some equity in the property. The bank agreed to give them some of that equity for a clear title.
Can you get a home equity loan on a property you don't own?
No. You are not required to reside at the home that you draw your equity from but you must own it, which means you must be on the title.
What constitutes title?
Title is the legal relationship between a person and their property. Having title to property means having ownership which stands against the right of anyone else to claim it. Title to real property is evidenced by a deed, inheritance from a probated estate or by a court order. The person who has title to property has the right to possess, control, and dispose of it. If that person dies while owning property, title will pass to her heirs by Will and/or according to the laws of intestacy.Title is the legal relationship between a person and their property. Having title to property means having ownership which stands against the right of anyone else to claim it. Title to real property is evidenced by a deed, inheritance from a probated estate or by a court order. The person who has title to property has the right to possess, control, and dispose of it. If that person dies while owning property, title will pass to her heirs by Will and/or according to the laws of intestacy.Title is the legal relationship between a person and their property. Having title to property means having ownership which stands against the right of anyone else to claim it. Title to real property is evidenced by a deed, inheritance from a probated estate or by a court order. The person who has title to property has the right to possess, control, and dispose of it. If that person dies while owning property, title will pass to her heirs by Will and/or according to the laws of intestacy.Title is the legal relationship between a person and their property. Having title to property means having ownership which stands against the right of anyone else to claim it. Title to real property is evidenced by a deed, inheritance from a probated estate or by a court order. The person who has title to property has the right to possess, control, and dispose of it. If that person dies while owning property, title will pass to her heirs by Will and/or according to the laws of intestacy.
If my name is on the title of the home. Do I have equity in the home?
Yes you do. *Clarification: if you own the home you are owner of any equity that may be realized by the sale or leveraging of the property. That does not mean the home has equity. It only has equity if it is worth more than loans or liens held against it.
If a person dies and another person pays taxes on there property does that person have the full right of that property or land?
Absolutely not. That person would be a volunteer, having paid the taxes on property they don't own. Paying the property taxes does not bestow legal title. You would need to obtain title from the heirs or from the town after the town takes possession of the property by tax title foreclosure.
If you pay cash for an investment property how soon can you take out an equity line?
You can apply for an equity credit line mortgage as soon as you take title- when the deed has been recorded in the land records.
Who has right to quiet title?
The plaintiff must be the person(s) who has title to the property and can prove that their claim is the strongest as opposed to that of the adverse party.The plaintiff must be the person(s) who has title to the property and can prove that their claim is the strongest as opposed to that of the adverse party.The plaintiff must be the person(s) who has title to the property and can prove that their claim is the strongest as opposed to that of the adverse party.The plaintiff must be the person(s) who has title to the property and can prove that their claim is the strongest as opposed to that of the adverse party.
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.
Whether landlord is the job title?
A landlord is a person, not a job. You are a landlord when you rent out your property. The job is property management and thus the job title is "property manager".
Can someone else's credit be used to obtain an equity loan if they are not on the first mortgage or title?
If the person lives in the home and is added to the title, it can be done.
What is a real estate title rep?
A real estate title rep is an agent for a title insurance company who deals with the law offices and title companies that sell title insurance policies. The person who examines the record title of a property is called a title examiner.
What if your name is on the title and two names are on the mortgage then what can the other person do to stop you from receiving money from sale?
If the property is in your name alone and yet someone signed as a co-signer on your mortgage, they have no ownership interest in your property and are not entitled to any of the proceeds from the sale.However, if they made a substantial contribution to the equity you now have in the property they could bring an action in a court of equity for a portion of the proceeds. That would be expensive for both of you. Perhaps a fair compromise could be negotiated if you could not have afforded the house without the other person's help.
