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Can you own a property and get a VA loan if property fully paid?
Yes, you can still obtain a VA loan even if you own a property that is fully paid off. However, the VA loan benefits, such as the ability to borrow with no down payment, are generally intended for primary residences. If you're looking to finance a new home while owning another property, you'll need to ensure that the new property qualifies as your primary residence to take advantage of VA loan benefits. Additionally, your entitlement may be affected by your existing property.
Is it possible to win a scratch off in another state?
Yes, it is possible to win a scratch-off lottery ticket in another state if you purchase the ticket while physically present in that state.
Can you move to another state while in Chapter 13?
Debtors under Chapter 13 Bankruptcy can move to another state. However, they must be available for court proceedings and other legal meetings.
How get property out of mortgage in monopoly?
In Monopoly, to get a property out of a mortgage, you need to pay the bank the mortgage value of the property plus 10% interest. Once you pay this amount, the property is no longer mortgaged and you can develop it with houses or hotels. You can also trade or sell the property to another player while it is still mortgaged, but they will need to pay the mortgage amount to the bank when they take ownership.
Can you cash in lottery tickets from another state?
Yes, you can cash in lottery tickets from another state, but it depends on the specific rules and regulations of each state's lottery. Some states allow you to claim prizes from out-of-state tickets, while others may have restrictions or require you to claim the prize in the state where the ticket was purchased. It's best to check with the specific state lottery for guidance on how to claim your prize.
Does owning property in another state make you a resident?
Owning property in another state does not automatically make you a resident of that state. Residency typically involves factors such as physical presence, intent to remain, and the establishment of a primary home. Each state has its own criteria for determining residency, which may include where you vote, pay taxes, and have your driver's license. Therefore, while property ownership can be a factor, it is not the sole determinant of residency.
What are the differences between owning two houses and owning one property?
Owning two houses means having ownership of two separate residential buildings, while owning one property typically refers to owning a single piece of real estate, which could be a house, apartment, or land. The main difference is that owning two houses involves managing and maintaining two separate properties, while owning one property involves dealing with just one. Additionally, owning two houses may provide rental income or investment opportunities, while owning one property may be for personal use or investment purposes.
If a owner dies owning real estate that they acquired by a quitclaim deed does their estate need to be probated?
Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.
What does the term died seized mean?
The term "died seized" refers to a situation in property law where a person who holds legal title to a property (the "seized" individual) passes away while still owning that property. This status is significant in determining how the property is handled after death, particularly in relation to inheritance and estate distribution. Typically, the property will then be transferred according to the deceased's will or, if there is no will, according to state intestacy laws.
Can you own a property and get a VA loan if property fully paid?
Yes, you can still obtain a VA loan even if you own a property that is fully paid off. However, the VA loan benefits, such as the ability to borrow with no down payment, are generally intended for primary residences. If you're looking to finance a new home while owning another property, you'll need to ensure that the new property qualifies as your primary residence to take advantage of VA loan benefits. Additionally, your entitlement may be affected by your existing property.
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.
Can you have a driver's license in one state but own cars in another state?
Yes, you can have a driver's license in one state while owning cars in another state. However, you may need to register the cars in the state where they are located and comply with that state's laws regarding vehicle registration and taxes. It's also important to check the insurance requirements, as they may vary between states. Always ensure you are following the regulations of both states to avoid potential legal issues.
Person dies while owning property as Tenants in Common with 4 others Deceased's portion is willed to children subject to Life Estate to his wife Can this be done?
Yes. And what a mess it would be.
Can you buy a house while owning another?
Yes you can buy an house and own anothor at the same time ; it is up to you how many houses you buy and own and what you do with them .
What are some national restrictions on owning a hand gun?
Restrictions on owning a hand gun depends on what nation this question is being directed. In the United States the restrictions on owning a hand gun varies in each state. For example, in the state of New York, on is not allowed to own any type of gun while in Arizona one can own anything except a machine gun or army tactical weapons.
If someone keys your car while on another persons property is that persons insurance responsible?
no
Is personal property covered in a life estate deed?
What you mean by "covered" is not clear. Therefore the following is general information only. You need to check the laws in your state and consult with an attorney, if necessary.Generally, an owner who transfers their real property by deed and reserves a life estate has reserved the use and possession of the real property for life and has named a remainder person who will own the property absolutely upon their death. Their personal property remains on and in the promises and they retain ownership of that personal property. Should they decide to release their life interest, they can remove all their personal property to a new home. If they die while owning the life estate, the title to the real property vests in the remainder person absolutely and the personal property on and in the premises becomes part of the decedent's estate.What you mean by "covered" is not clear. Therefore the following is general information only. You need to check the laws in your state and consult with an attorney, if necessary.Generally, an owner who transfers their real property by deed and reserves a life estate has reserved the use and possession of the real property for life and has named a remainder person who will own the property absolutely upon their death. Their personal property remains on and in the promises and they retain ownership of that personal property. Should they decide to release their life interest, they can remove all their personal property to a new home. If they die while owning the life estate, the title to the real property vests in the remainder person absolutely and the personal property on and in the premises becomes part of the decedent's estate.What you mean by "covered" is not clear. Therefore the following is general information only. You need to check the laws in your state and consult with an attorney, if necessary.Generally, an owner who transfers their real property by deed and reserves a life estate has reserved the use and possession of the real property for life and has named a remainder person who will own the property absolutely upon their death. Their personal property remains on and in the promises and they retain ownership of that personal property. Should they decide to release their life interest, they can remove all their personal property to a new home. If they die while owning the life estate, the title to the real property vests in the remainder person absolutely and the personal property on and in the premises becomes part of the decedent's estate.What you mean by "covered" is not clear. Therefore the following is general information only. You need to check the laws in your state and consult with an attorney, if necessary.Generally, an owner who transfers their real property by deed and reserves a life estate has reserved the use and possession of the real property for life and has named a remainder person who will own the property absolutely upon their death. Their personal property remains on and in the promises and they retain ownership of that personal property. Should they decide to release their life interest, they can remove all their personal property to a new home. If they die while owning the life estate, the title to the real property vests in the remainder person absolutely and the personal property on and in the premises becomes part of the decedent's estate.
