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Yes, you can own a home without owning the property through various arrangements like leasehold agreements or cooperative housing. In a leasehold, you own the home but lease the land from a landlord for a specified period. In cooperative housing, you own shares in a corporation that owns the property, granting you the right to live in a unit. These options allow individuals to have a home without direct ownership of the underlying land.
What else can I help you with?
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
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.
Can you get a home equity loan on your rental property?
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
Do you own the land your house sits on?
Whether you own the land your house sits on depends on the type of property ownership. In most cases, if you have a traditional home with a deed, you typically own both the house and the land. However, if you live in a leasehold property or a mobile home on rented land, you may only own the structure and not the land itself. Always check your property documents for clarification on ownership rights.
What are the steps involved in selling your own home?
The steps involved in selling your own home typically include preparing the property for sale, setting the price, marketing the home, showing the property to potential buyers, negotiating offers, accepting an offer, and closing the sale with the help of a real estate attorney or agent.
Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
Can priest own property or a home?
yes
What is a wilful detainment?
It usually means that someone will not return property that they dont own.
Can a nursing home resident own property?
yes and no...it depends on the type of home the resident is placed in..
Do you have to list your mobile home as an asset on rental application if the mobile home is personal property?
Yes. It is an asset. An asset includes personnel property you own.
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.
Are you obligated to rebuild if your home is destroyed or can you replace it by simply moving to another already built home?
Rented home or your own property that is a question in context.If you have broken a rented apartment you have to take care that it is rebuild again.If your own property the decision remains with you.
Can a person own a drive way and not allow another person access to their home?
Yes, a person can own a driveway and restrict access to their home. Property owners have the right to control access to their private property, including driveways.
When should you get home insurance?
Whenever you own a home. * Homeowner's insurance is mandatory while the property is being financed, and always the best option when property is owned outright.
Can a person build house on heir property without permission?
If a person builds a home on land that they don't own, the home will become the property of the person who owns the land.
I have 1.70 acres in Spencer indiana with a mobile home on it. I am needing to get a well for the property and was wondering if I could take a loan out on the property. I own the mobile home and property and no outstanding loans on any of it.?
Yes you can mortgage the property but the home likely wont add much if any value to it.
Where can you put a mobile home?
In any existing mobile home park. - On your private property if for your own use (in my area)
