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What else can I help you with?
Who owns the house when a foreclosure has been dismissed without prejudice?
The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.
When a lender agrees to take title to the property without foreclosing it is called?
It is called 'deed in lieu of foreclosure'.
Can a recorded quitclaim deed create a cloud on title thereby preventing a foreclosure action?
If you're asking if the defaulting mortgagor can stop the foreclosure by executing a deed and conveying the property the answer is no. To execute a deed wouldn't create a cloud on the property. The property would be transferred subject to the mortgage and the lender can continue with the foreclosure by giving notice to the grantee.
What happens to a tax lien on a property lost in foreclosure?
Tax liens are not wiped out by a foreclosure. They must be paid in order to clear the title to the property so that it can be sold. If the lender has to pay them it will add that amount to the amount you owe.
When is a foreclosure complete?
Whenever the title to the property has been quieted in the name of the purchaser at the foreclosure sale.
What if a person does not want a life estate anymore?
The life tenant can execute a notarized, written release stating clearly the purpose is to release all rights in the life estate. Then the release must be recorded in the land records to clear the title to the property.The life tenant can execute a notarized, written release stating clearly the purpose is to release all rights in the life estate. Then the release must be recorded in the land records to clear the title to the property.The life tenant can execute a notarized, written release stating clearly the purpose is to release all rights in the life estate. Then the release must be recorded in the land records to clear the title to the property.The life tenant can execute a notarized, written release stating clearly the purpose is to release all rights in the life estate. Then the release must be recorded in the land records to clear the title to the property.
You paid your car loan off can you sell it while waiting on the title?
No, you cannot sell a car without a clear, lien free, title. Wait for the clear title or you are asking for problems.
What does rtv stand for on a title examination?
"RTV" typically stands for "Release of Trustee's Deed" on a title examination, indicating that a trustee has released their interest in a property following a foreclosure sale. This document is an important part of the title search process to ensure clear ownership of the property.
Can you sell your land without a title company?
Nope Title Companies do title searches to make sure the title is "free and clear" - which means there are no claims again the title.
If a person dies without clear title can her heirs inherit her property?
The heirs can only inherit what the decedent owned. If she didn't have clear title then you won't inherit clear title. At some point the title will need to be cleared up. That will be whenever you wish to sell or mortgage the property.
Can you clear a salvage title in New Jersey?
no because you just can't do it without promtoin
Can a property left in a will be disposed of without vesting?
No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title.No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title.No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title.No. The deceased owner's estate must be probated in order for title to vest in the heirs legally. Until title is vested they cannot execute a deed that conveys good title.
