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That means your parents would execute a deed that transfers ownership of their property to you. You would be the new owner and the property would be vulnerable to your creditors. It is a significant legal change in title that should be handled by a professional who can explain the consequences and also explain the option of a life estate for your parents.
You should consult with an attorney who can review the situation, your parent's needs and explain the options. Deeds should always be drafted by a professional and only after the parties have been fully informed.
What else can I help you with?
What does it mean if your name is on the deed but not the mortgage?
If your name is on the deed but not the mortgage, it means you own the property but are not responsible for the mortgage payments.
You are the executer of your mothers will Now that she has passed and your name is going on the deed your brother wants his name on the deed to improve his credit Can this be safe?
don't do it - if your brother has already messed up his credit - he will do it again and risk yours as well
What should you name actually be?
depends on what kind of person you are! if your shallow but nice... mean but smart! sooo it's really your parents choice or yours...
If deed is in father name and his parents name both are deceased who is entitled to property?
It depends on what the deed says. If the deed is a right of survivorship, the property will go to the descendants of the last to die. If it is a joint ownership, the property could go to the beneficiaries of all three of the decedents.
Can you get half the equity in your house if your name is not on the deed?
No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.
What does HE mean after a persons name on a deed?
Home endowment, meaning you own it now.
Consenting deed for the sale deed?
How do you add a name to a deed
Parents supposely gave me land I bought mobile home put on it 4 years later they made me move cost me almost 35000.00 in total to buy more land get it set up and move the home can i sue them for this?
When they "gave" you the land did they give you the deed to it? If you don't have a deed to the property with your name on it, it was never yours. It would seem you don't have the "grounds" to sue, so to speak.
What does euer faisal mean?
It means: Yours Faisal Euer: Your or yours Faisal: it's arabic male Name
I inherited my dad's house when he passed away do I have to change the deed into my name if I'm not going to sell it for a few years I am the only survivor.?
Unless the deed is in your name, the house technically is not legally yours. If someone were to contest the will, you would have to fight this battle in court. This also means that if you pass away, the house would revert to probate rather than going to the person in your will. You will also need your name on the deed in order to get a loan on the property or sell the property, so it is a good idea to have your name on the deed.
me and my sister have been awarded 140 rural acres of my grandpas estate, attorney got a third share of it also. can I borrow on my share of land. When the attorney has the deed but deed hasent been transfered yet in me and my sisters name?
No you can't morgage something that is not legaly yours yet, not in your name.
What if your name is on the deed but no will?
If your name is on the deed then you own the property as long as the deed is valid and properly recorded in the land records.
