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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.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoTitle to real property is transferred by deed. The grantee on the deed is the person who is receiving the property. Therefore the grantee on the deed holds title to the real property.
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Does a cosigner own the property if he pays off the original loan?
The cosigner of the loan owns 1/2 of the property if they are on the title.
If the decedents solely owned property is less than 50000 I can transfer the title Do they mean if the vehicle is 50000 or less or if everything she owns is less than 50000?
This sentence refers to transferring the title. Therefore, it the only titled propery the decedent owns is a vehicle, then yes, you may transfer the title. However, if the decedent also owns a home (with a title), then this property must be included in the $50,000 limit, as well. Nevertheless, it does appear from the language, "solely owned", that the only titled property in question is the vehicle.
What can I do when a property has been left to me in a will after a foreclosure of that same property has been adjudicated?
As I understand your question, you 'inherited' a property that was the subject of a foreclosure. The bank has a superior title and you cannot inherit the property. The bank owns it.
Is title to a house the same as a deed to it?
Not exactly. The person with title to a property is the person who legally owns it. A deed and a title are not the same thing. A deed is a legal document that transfers the title from one person to another.
Who has ownership if a guardian is listed on a deed?
The guardian would be holding title for the benefit of the ward IF the property was conveyed properly. For example, "to John Edwards as Guardian of Michelle Edwards". A guardian holds title for a person who lacks legal capacity to hold title but the ward owns the property.
name on title?
who owns this title location of title
Can a parent deed his property without signatures of other siblings?
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
Is abstract of title a legal document?
No. An abstract of title is more like a status report of who owns the property, any outstanding liens and encumbrances and any defects in the title. It is used by an attorney, title company and title insurance company to determine if it can/will certify the title and issue a title insurance policy.
The car is abanded who owns it?
Whoever owns the title to the vehicle is who owns it.
What is a letter of execution in a house closing?
Deed is a letter of execution in a house closing. The legal document that informs who owns the property is called title.
Where can you find out who owns title to a mobile home?
You can look it up in county records, usually parcel site or county property tax site.
What part of a car does the car title cover?
The title covers ownership of the car. If your name is on the title, then normally you would be considered the owner. If a banks name is on the title, then the bank owns the car. Ownership means the car and all the stuff attached to it. It does not mean you own someone else's property just because they left their property in your car.
