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How should equity in a house be split among multiple owners?
Equity in a house can be split among multiple owners based on the percentage of ownership each person has. This can be determined by factors such as the initial investment, contributions to mortgage payments, and any agreements made among the owners. It is important to have clear communication and documentation to ensure fairness in the distribution of equity.
Selling grandmothers house with a lean on it?
The lien will need to be paid from the proceeds of the sale.
Can you sell your home if you are on a repayment plan?
You can sell your home if you are on a repayment plan, but the proceeds or profits from the house will probably be factored in to the plan. Each case is individual and an attorney should be consulted before you proceed.
If a house that belonged to a decedent is sold do the proceeds of that sale become cash assets of the estate?
Yes. The proceeds will be used to pay the debts of the decedent and the costs of probate and the remaining balance will be distributed to the heirs according to the will or the laws of intestacy if there is no will.
Can you sell your house if your ex husband is on the title?
You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.You need his signature and he will receive half of the proceeds unless you have a court order that says otherwise.
How should equity in a house be split among multiple owners?
Equity in a house can be split among multiple owners based on the percentage of ownership each person has. This can be determined by factors such as the initial investment, contributions to mortgage payments, and any agreements made among the owners. It is important to have clear communication and documentation to ensure fairness in the distribution of equity.
3 sisters in joint tenancy of a house that has set empty for past 6 years 1 of them refuses to let the others in if they get in she changes the locks is this legal?
No. All three co-owners have equal rights in the property. Your sister cannot legally prevent you from entering the house or from the full use and possession of it. However, if you do nothing your sister may be trying to set up an adverse possession claim. You should speak to an attorney about partitioning the property. Perhaps it should be sold and the proceeds divided equally between the three co-owners.
Your name is still on the deed to the house he and you owned you are remarried how does this affect it he is remarried too?
If you and your ex husband and your lawyers decided to leave the house in both your names, then if he or you want to sell you should be mature about it and divide the proceeds from the house.
Can a brother contest his sister for selling their parent's house and not sharing the profits with him?
That depends on lots of factors. If she is the executor of the estate , and the house is not explicitly addressed in a will, she can sell it and distribute the proceeds according to the will. You can always contest the actions of the executor. If she was left the house by terms of a will, you are not entitled to any of the proceeds. If you and she were left the house together, then you are entitled to a portion of the proceeds, and to a say in whether or not the house is sold in the first place.
What happens in Colorado if an unmarried man and woman purchase a home and then split?
They remain co-owners, just like any two unrelated people who buy a house together. Each of them has a half-share in the entire house. It will be hard for either of them to sell their share independently, since few buyers would be interested in owning a half-interest in a house. Probably the best choices are * One of them should buy the other one out, assuming they can agree on a fair price. * Or, the two together should sell the house and split the proceeds.
If a house owned by a son but with a life estate maintained by his mother should burn down who would get the proceeds from the insurance?
This could be a tough question and probably depends on your state. Most courts will hold the insurance proceeds should either be used to rebuild the house or placed in escrow with the interest going to the life tenant. It is possible the son could prevail in getting the money, but it is his mother we are talking about.
Should you buy a house with an IRS lien?
The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.
When a house is sold and someone has a quitclaim who gets the funds?
The legal owner gets the proceeds. A quitclaim deed is a deed. The legal owner is determined by examining the most recent deeds that have been recorded. If a person owns a home and then conveys an interest to a partner by a quitclaim deed, the proceeds will be split 50/50 between the two owners if the property is sold.
What did slave owners call house servants?
Slave owners referred to house servants as domestics or house slaves.
Your uncle died left the house to her daughter he had a will where the proceeds were to be divided but the will was not signedis is the will valid?
No.
Selling grandmothers house with a lean on it?
The lien will need to be paid from the proceeds of the sale.
How do you use siding in a sentence?
You should contact the neighborhood owners association before you change the color of the siding on your house.
