Dividing, buying, and deeding a portion of property involves several steps that require careful planning and adherence to legal procedures. Here's how to go about it:
Determine Legal Requirements- Check local zoning laws and regulations to ensure the property can be subdivided. Consult a real estate attorney or surveyor to guide you.
**Property Survey-**Hire a licensed surveyor to define the boundaries of the portion you wish to divide. This step ensures clear demarcation and prevents future disputes.
Obtain Necessary Approvals- Submit the subdivision plan to the local municipal or planning authority. They will review and approve the plan if it meets all regulations.
Prepare the Deed- Work with a real estate attorney to draft a new deed for the subdivided portion. Ensure all legal descriptions are accurate.
Finalize the Sale- If the divided portion is being sold, ensure the buyer completes the purchase agreement and that all transactions are recorded with the local land records office.
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If the deed is a survivorship deed then the property will automatically be the sole property of the wife and bypass probate. However, it will be subject to the mortgage unless you buy some type of mortgage insurance.If the deed is a survivorship deed then the property will automatically be the sole property of the wife and bypass probate. However, it will be subject to the mortgage unless you buy some type of mortgage insurance.If the deed is a survivorship deed then the property will automatically be the sole property of the wife and bypass probate. However, it will be subject to the mortgage unless you buy some type of mortgage insurance.If the deed is a survivorship deed then the property will automatically be the sole property of the wife and bypass probate. However, it will be subject to the mortgage unless you buy some type of mortgage insurance.
Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.You can't get someone's name off a deed. He needs to execute a deed voluntarily that transfers his interest in the property to you. You will likely need to buy him out.
No. You cannot remove a spouse's name from a mortgage or a deed. If you want their interest in the property they must execute a deed voluntarily, transferring their interest to you. You may need to buy them out.No. You cannot remove a spouse's name from a mortgage or a deed. If you want their interest in the property they must execute a deed voluntarily, transferring their interest to you. You may need to buy them out.No. You cannot remove a spouse's name from a mortgage or a deed. If you want their interest in the property they must execute a deed voluntarily, transferring their interest to you. You may need to buy them out.No. You cannot remove a spouse's name from a mortgage or a deed. If you want their interest in the property they must execute a deed voluntarily, transferring their interest to you. You may need to buy them out.
Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.
Property can be purchased with a loan from a bank or with cash. The deed must be signed to prove ownership and to begin paying property taxes one the land.
You get the property appraised and pay them half that amount in exchange for a deed changing the ownership.
You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.
You can't "remove" the other owner's name from a deed. They own a half interest in the property if they are a grantee on a deed with you. That person would need to execute a deed that transfers their interest to you voluntarily. You need to make them an offer to buy their interest in the property. When two people purchase real property together they each have an equal right to the use and possession of the property. Since you are not married the property cannot be redistributed by a divorce decree. If you have further questions regarding the situation you should consult with an attorney.
In Monopoly, players can buy property when they land on an unowned space. They must pay the listed price to the bank and receive the property's deed. If they choose not to buy it, the property goes up for auction. Players can also buy and trade properties with other players to build monopolies and collect rent.
You can't. The only way to remove her from the property is to buy her interest. She must execute a deed conveying her interest to you. Until then she is a half owner and has the right to the use and possession of the whole property. It would be wise to make an offer of cash for her deed in order to clear the title.
That's pretty much how it works, but the deed has to be properly recorded in the court house and the appropriate signatures obtained. I would work through a title company, they will check that it is a valid title and insure the transfer against other claims. Checking with an attorney is always a good idea when dealing with real property.