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collateral
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∙ 13y ago
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What are some tips for investors who are buying mortgages?
Inspect the property to ensure that it is worth what is being invested, be sure that the property is not in default, and perform a title search to make certain that no other parties can lay claim to the property.
Can you file bankruptcy on property taxes?
ALL your property (all your assets) AND all your liabilities are included...always..you do not pick and chose. You cannot go BK on a speci Save fc debt.They are given different priorities, some debts may not be discharged (like child support), and some assets (like household goods, work tools), may not be used. Secured debts. (and property taxes are secured to the property being taxed), get first claim to the proceeds from that asset.AnswerReal estate taxes cannot always be discharged in bankruptcy. Determining whether they can be discharged requires some investigation by an attorney who specializes in bankruptcy law. A secured debt for property taxes would be perfected by the recording of a tax lien in the land records.
What are some steps one should take when buying a piece of property?
The first step someone should take when deciding to purchase property, is to scout the area that you desire to reside. If the area is unsuitable, then try a different location. The second step, once you have found an acceptable area, is to find the different homes that available for purchasing. After you have found the house you are looking for, (be sure to take some time trying to decide) be sure to contact the real estate agent to get the details of the property you are trying to purchase.
Can a quit claim deeded house be repo'd if the old owner files bankruptcy?
This is a common question, especially when done as a form of asset protection. The ability for the bankruptcy courts to bring the real estate asset into the proceedings will depend on a few factors. A few of those being if the asset was transferred less then 12 months prior to the bankruptcy, do the "old owners" still live in the property, and/or if there is a mortgage or other debt for which the property is subject to. Lastly, there are some people that attempt to quit claim property as an attempt to hide or shelter assets, both in bankruptcy and divorce matters, and if the courts suspect such they can create a hold new legal problem for both the "old owners" and the new deed holder.
Can you have two mortgages for one property?
Yes. It is possible to have a mortgage and get a second mortgage on the same property. In some cases there are more than two mortgages on a single property.
What is A written claim to some piece of a property?
A written claim to some piece of property
Written claim to some piece of property?
A written claim to a piece of property is a deed. It could also be a title, like in the case of a vehicle.
What is a written claim of some piece of property?
Real property is transferred to another owner by a deed. A deed is a written legal document that is used to transfer the title to real property.
What is a written claim to some peace of property?
A written claim to a piece of property is a legal document that asserts ownership or interest in the property. This document typically includes specific details about the property, the nature of the claimant's interest, and may be used to establish legal rights to the property.
Is a piece of data that determines some characteristic of a control?
property
Can a landlord claim trespass against a past tenant if other family members stilll live on property?
Generally, no, unless the landlord has some type of court order or written agreement that bars the former tenant from entering the property. The current tenant has the right to have visitors unless special conditions were mentioned in the written lease agreement.
What does it mean when a collection agency is going to file a lien?
They are going to make a claim that they have some rights over a piece of property to counterbalance some unpaid debt. It's an attempt on their part to minimize loss resulting from the unpaid debt.
Property given to you by your parents can your husband claim half the value?
No your husband cant clam on the property which is given by your parents He has no right to claim on it Answer: That depends on where you are and on what the paperwork says. It some places, it may be considered joint property. Check with a lawyer.
What is mechanic lien?
A mechanic's lien is a claim against a piece of real estate or, in some cases, a claim against a vehicle. If you've provided materials or services to improve a piece of real estate or to repair a vehicle, you can claim an interest in the property to secure your claim. The procedure for doing this varies from state to state and, particularly in the case of real estate, it is subject to technical legal requirements. Filing a lien when you have not complied with these requirements can cause you some serious legal problems and you could end up paying damages for slander to title and even end up being a target for criminal prosecution.
What does an insurance company do with salvaged personal property?
If an insurer pays for the total loss of personal property, including a car, it usually becomes the owner of the property as part of the resolution of the claim. The property is then sold so that the insurer may recoup some of its loss. There are some entities, such as scrap metal companies that deal in that kind of property. Under some circumstances, the insured wishes to keep the property. That can usually be negotiated, but the payment to the insured on the claim may be adjusted accordingly.
Does a deed transfer negate a lien?
No. The purpose of a lien is to notify the world that someone has some type of claim against your property or some form of interest in it. The property would remain subject to the lien
Can you claim your husbands house even if ther is will written after marriage giving it to his children?
Depending on your state laws you may be able to claim an interest in the property. You may be able to "elect" to take a share outside of the will. If applicable in your state, that share generally amounts to the share you would receive if there was no will. You also may have some rights if you live in a community property state and the property was acquired by your husband during your marriage. You need to seek the advice of a local attorney who specializes in probate.
