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Who is responsible for a special assessment the buyer or seller that becomes due after the property changes ownership?
Wiki User
∙ 14y ago
That is a topic that SHOULD have been addressed and spelled out in the sales contract. Did the seller know about the assessment and fail to disclose it? If so you MAY have grounds for nullifying the sale or bringing a claim against them for withholding the information.
Wiki User
∙ 14y ago
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Can a co-home owner re-enter a property after they abandoned it and are no longer financially responsible?
If their name is still on the title, they still have ownership rights. You need to get that straightened out and then their entry into your home becomes a legal issue. You can change the locks.
What is deeds?
A land records system is a recording office where any interest in real property or change of ownership of real property is documented and becomes a public record.
What is Deeds system?
A land records system is a recording office where any interest in real property or change of ownership of real property is documented and becomes a public record.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
What is church incorporation?
1) What is church incorporation 2) If a local church becomes incorporated within a denomination, does the the local church lose property ownership?
What can you do if a piece of property is less acreage than described in the deed?
That usually becomes an issue regarding assessment of property taxes. In that case, you need to have the parcel surveyed by a registered surveyor who will certify a survey and then you should record the survey in the land records. You should visit the tax assessor's office and show them the survey and ask how to have your property reclassified permanently.That usually becomes an issue regarding assessment of property taxes. In that case, you need to have the parcel surveyed by a registered surveyor who will certify a survey and then you should record the survey in the land records. You should visit the tax assessor's office and show them the survey and ask how to have your property reclassified permanently.That usually becomes an issue regarding assessment of property taxes. In that case, you need to have the parcel surveyed by a registered surveyor who will certify a survey and then you should record the survey in the land records. You should visit the tax assessor's office and show them the survey and ask how to have your property reclassified permanently.That usually becomes an issue regarding assessment of property taxes. In that case, you need to have the parcel surveyed by a registered surveyor who will certify a survey and then you should record the survey in the land records. You should visit the tax assessor's office and show them the survey and ask how to have your property reclassified permanently.
When does a gift become an estate?
A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.
Must you return a gift to a decedent's estate?
No. A gift becomes the property of the recipient.No. A gift becomes the property of the recipient.No. A gift becomes the property of the recipient.No. A gift becomes the property of the recipient.
What happens if owner dies and never been transferred out of her name?
The property becomes a part of the estate. The executor is then responsible to distribute it according to the will or the intestacy laws.
When the surviving spouse obtains ownership as surviving tenant by the entirety what happens to the property upon their death?
When a tenant by the entirety dies the survivor becomes the sole owner of the property. When they die it passes according to their will or to their heirs-at-law under the state laws of intestacy.
Is property acquired after a marriage considered community property in a non community property state such as Illinois?
In a community property state property purchased after marriage becomes the property of both parties.Community property rules govern in community property states. Property ownership is different in separate property statesand those rules allow a spouse to acquire separately owned property in some cases.
Provide a description of Property Utility?
The meaning of Property Utility is the usefullness and attractivness and it refers to the use of property and how it is utilize depending on it's life cycle, the life cycle of the economy or where it is situated and the cycle of ownership. Example: if an area becomes less popular degradation takes place, or in the case of commercial property, decentralization of offices takes place.
