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If a propery deed is transferred and it has a lien on it who is responsible for paying the lien?
The lien doesn't go away. It is still a debt against the person named in the lien and the property is subject to the lien. The creditor could have the property seized and sold depending on the circumstances. The new owner would have to pay the lien to redeem the property or lose the land and any money they paid over to the seller when the land was transferred. That's why you should always have the title examined by a professional before you buy. Any liens that are disclosed by the title examination should be cleared up before you take title.
What else can I help you with?
Who pays homeowner assoc. fees the mortgage holder or the deed holder?
The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.
If the husband's name is never on the loan but is on the deed is he responsible for debt?
No. If he didn't sign the mortgage then he is not responsible for paying it.
Does the Deed holder on a home have full ownership even if their name is not on the mortgage?
The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.
Is the deed holder responsible for Homeowner Association fees if they are asked to leave by the homeowner?
Your question assumes that the deed holder and the owner are two separate people, one or both of which have their name on the deed. Or, the deed is held by a bank, or other entity. Association assessments are the responsibility of the owner listed on the deed, whether the owner or deed holder is a resident or not.
Who pays the taxes when there is both a deed and a deed of trust?
Generally, the fee owner of the property is responsible for paying the property taxes. That would be the grantee in the deed of conveyance. In this case the 'deed of trust' is assumed to be a mortgage.
If the deed was transferred into your name does the title automatically transfer?
Yes. The deed is the instrument by which title to real property is transferred to a new owner. The deed and the title are not separate.
Can a property be sold with out a deed?
No. A deed is the instrument by which real property is transferred.
Who is responsible party from time of quit deed to recording of deed?
The owner of record is responsible for the property until the deed is recorded.The owner of record is responsible for the property until the deed is recorded.The owner of record is responsible for the property until the deed is recorded.The owner of record is responsible for the property until the deed is recorded.
What determines whose name goes on property tax bills?
The names on the current deed determine who is listed as owner in the tax assessor's records. All the grantees on the deed are responsible for paying the property taxes.
Does wife's co signing a mortbage make her a joint owner?
No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.
What to do if your name is the thrid name on a time share deed that was foreclosed on?
All three owners are equally responsible for paying the mortgage and the foreclosure will affect all owners equally. You can avoid foreclosure by paying the mortgage.
Your husband is on title quit claim deed and mortgage is he responsible for paying mortgage?
Yes. He is the sole owner of the real estate and the sole owner of the debt.
