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No. An undivided interest in property means that two or more persons own the real estate and each has the right to the use and possession of the entire property even if they own only a one-half undivided interest.
What else can I help you with?
Can a person own a property without any undivided share of land?
No. When more than one person owns land they each own an undivided interest. That means they each have the right to the use and possession of the whole property even though they own a half interest. A sole owner would, of course, have the right to the use and possession of the property. They would acquire their interest by deed or by inheritance. Property ownership is by definition the right to the use and possession, and the right to leave the land to your heirs. If you do not have a will the property will pass to your heirs-at-law according to law. A person cannot own real property unless they have acquired an interest by deed or inheritance.
Can you sale your part of inherited undivided land in Texas if owned by myself and 3 sisters?
Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.
How does land value affect residential density?
Land value can affect residential density by influencing the cost of development. High land values can lead to more dense development to maximize land use and offset costs. Conversely, lower land values may result in lower density development as there is less pressure to maximize land use.
How can you leave your portion of undivided land in Texas to relatives?
I guess you would put it in your will. Because that's how you do stuff :)
How can I refinance my land loan to potentially lower my interest rate and monthly payments?
To refinance a land loan and potentially lower your interest rate and monthly payments, you can start by researching different lenders and comparing their offers. Once you find a favorable option, you can apply for the new loan and go through the approval process. If approved, the new loan will pay off your existing land loan, and you will start making payments on the new loan at the potentially lower interest rate and monthly payment amount.
Does a deed for a house include its contents?
No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.
Do all undivided interest participants have to consent to one participant building a structure on the property?
It would be best but if one decides to build anyway and it is permenantly placed, the structure would fall under the interest that one has. ie if he owns 25% interest, that's all he owns of the structure and all he will get for it when/if sold. I don't think he can use the land as collatteral either. Not an attorney and not to be used as legal advice
When two own land by deed of gift can 1 person sell the land without telling the other person?
NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.
Can book value be lower then market value?
Yes definitely! And it is often the case that book value is lower than market value. Because financial statements are recorded under regulations, the accountants method of recording assets and liability take a conservative approach that differs form a finance point of view. That is accountants take the historical cost method to recording values of asset (book value), so if you were to purchase land in 1911 for say 100$ and assuming the business has been up and running for the past 100 years, the book value of the land will be kept at 100$. The book value will not change. However, over time, the value of the land has increased substantially, that is the market price of the land is much higher than the book value. Therefore, it is very much possible that the book value of something is lower than its market value, because accountants do not include/recognize gains until the asset is sold.
What if the beneficiary consent to the sale of property which is subject to a life interest?
A life estate, like any other interest in land has value. It can be sold or traded, or simply given up, if the holder so wishes.
What are the key differences between a home loan and a land loan?
A home loan is used to purchase a house or property with a structure on it, while a land loan is used to purchase undeveloped land without any structures. Home loans typically have lower interest rates and longer repayment terms compared to land loans, which often have higher interest rates and shorter repayment terms.
Can you finance undeveloped land and for how long?
Sure. It's going to depend on the current and potential value of the land, plus the interest rate and mortgage terms that a lender is prepared to offer the buyer/borrower.
