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Can domestic corporation acquire a real estate property?
Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.
Are mineral rights considered real property?
Minerals in the ground are treated as real property, but, after removed from the land, they become personal property
What is another name for real estate agent?
Property Dealer, Property Consultant and Property Agent.
Personal property that is included with real estate is called?
A person's real property and personal propertymakes up what we call their estate.
What is a type of real property?
Office Buildings
If Mortgage note is in one persons name and the deed to property is in another can mortgage company foreclose and take both house and land?
Yes. ==Clarification== The mortgage company can only foreclose if the OWNER of the real estate signed the mortgage. If someone other than the owner signed the mortgage the bank has no interest in the property and therefore cannot foreclose.
What is a blanket lien?
A blanket lien is a lien which gives the lienholder the entitlement to take possession of any or all of the lienee's real property to cover a delinquent loan.
what happens to seller held mortgage when mortgagor dies?
If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.
What is the purpose of a lien being placed against real property?
A lien prevents the property from being sold without paying off the creditor. After a certain period of time, it is possible to foreclose on the property, sell it, and collect the amount of the lien, the balance going to the property owner or other creditors.
If you stop paying your mortgage what happens?
The lender will foreclose on the property and the borrower will be evicted. The property will be sold according to the real estate laws of the state in which it is located. HUD property is generally auctioned off at the court house in the county where the property is located. The borrower may or may not have redemption rights to the property and may or may not be responsible for any outstanding debt connected to said property.
What recourse does a second mortgage holder have against you if you don't pay that mortgage?
If you don't pay the mortgage the second mortgagee can foreclose and take possession of the real estate subject to the first mortgage. Many of them do just that.
If your name is only on the deed do you need to pay the mortgage?
If the person who has an ownership interest in real property does not sign on or guarantee the note, then that person is not liable to pay the note. However, the lender could still foreclose on the property & the person could then lose his/her ownership of that property.
Can a married couple get a mortgage in only one name in Oregon?
All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.
Can a vendor's lien holder foreclose on real estate property due to default in the state of Texas?
If you are the lien holder, and someone doesn't pay, then yes, you can foreclose. I handle around 50 foreclosures each month, in 3 separate counties in Texas. We use a Warranty Deed With Vendor's Lein, Deed of Trust, and a Promissory Note, then when our customers do not pay their note for a long period of time, then we foreclose on it.
Can a bank foreclose on a house if one spouse's name was deleted from deed without consent?
The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.The lender can foreclose if all the owners signed the mortgage and there is a default in the payments.A spouse cannot be "removed from a deed" without their consent. The only way for a person to give up their ownership of real property is by signing a new deed that transfers their interest to someone else.
How do realestate notes work?
A real estate note is a simple term to describe the many types of contracts used to secure real property as collateral to secure debt or a loan. Real estate notes are security agreements such as mortgages, trust deeds, land contracts, wraparound mortgages, etc. that are recorded as evidence of debt secured by real property. They are used to secure the property as collateral against the debt so that in case of a default on the loan the note holder has the right to foreclose on the property.
What is a morage bond on fixed property?
A mortgage bond is a type of loan secured by real estate property. When a borrower takes out a mortgage, they agree to repay the loan amount plus interest over a specified term, using the property as collateral. If the borrower fails to make payments, the lender can foreclose on the property to recover the outstanding debt.
