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Can real estate property be split and half of it sold when house is still mortgaged?
It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.
It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.
It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.
It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.
What else can I help you with?
What percent does a real estate co charge to sell a home?
It can vary but the traditional rate is 6% split evenly between the seller's agent and buyer's agent.
What is a Quadplex?
A Quadplex is like a Duplex. If a Duplex is a house that is split in two to accommodate 2 families, then a Quadplex will be split in four 4. For more on duplexes, go here: http://en.wikipedia.org/wiki/Duplex_(building)
What is co-broker in real estate?
In most cases, a co-broker works with the listing brokerage to help sell the property. The co-broker (or selling broker as they are commonly referred) will usually bring the buyer, and the listing broker will work the seller to help complete the transaction. The listing broker will split the commission with the co-broker for providing the buyer. This enables real estate firms to sell each other's listings, thus enabling many more transactions to take place, making it easier and faster to find buyers for properties. It also enables buyers to only be required to work with one agent at one company instead of having to find an agent at each company.
What does zippity split mean?
"Zippity split" is an idiomatic expression meaning "hurry up," "right away," or "very quickly."
What states allow the realtor to be paid directly instead of through the broker?
In general, most states require real estate commissions to be paid through the broker rather than directly to the realtor. However, certain states like Texas and Florida may allow for direct payment under specific circumstances, depending on the agreements in place and the nature of the transaction. It’s essential to consult state laws and regulations, as well as the policies of the brokerage, to understand the specifics of commission payments in real estate transactions.
How do you sell a house when a parent dies and no will is left but all surviving children agree to sell the house and split whatever is left?
First, the estate must be probated in order for legal title to the real estate to pass to the heirs. You need to consult with an attorney who specializes in probate law in your area. The attorney will assist you in filing the probate and then advise you about selling the property. The property could be sold through the estate or by all the heirs once the estate is settled.
If your name is the only name on a deed to your house will you get to keep your house in the divorce?
Not if the division of property requires it to be sold and split.
Can a executor sell the home in the will if it is split with another family member?
The executor of the will has the ability to sell property of the estate. They may have to in order to pay off the debts of the deceased. The value of the property after the debts are cleared would be split between the family members.
What if your partner and you are splitting up are you and your son entitled to half the house after living there for over two years?
Is your name on the title? Did you pay for any of it? Did the two of you agree to split expenses? In general if the answer to those are No, then you probably don't have any claim to the property. Simply living in a house does not confer any property rights. If the answer to one or more of the above questions is Yes, then you may have a claim to half the non-mortgaged value. Consult an attorney in your area to make a good determination.
What rights do you have to your fathers estate in Texas when there is no will and he has remarried?
The community property will be split in half, half for his spouse and the other half for his children. The separate property, if any, will go to the children, with 1/3rd going to the spouse. And the spouse will have a life estate in 1/3rd of all real property with the remainder to the children.
What happens if your mother die without making a will does her house get split between the 4 children?
Generally, if there is no surviving spouse the children of the decedent will share the estate equally. If there is real property the estate must be probated in order for title to pass to the heirs. You can check the laws of intestacy in your state at the related question link below.
How long does an executor of estate have to sell home in the will to be split between heirs?
There is no set time frame. They are required to do their best to get the most value for the property as possible.
What actors and actresses appeared in Split Estate - 2009?
The cast of Split Estate - 2009 includes: Ali MacGraw as Narrator
Can executor ban heir from living at estate?
If you evict him properly after consulting with landlord/tenant eviction attorney. Are you going to then sell the property and split money with the heir?
Can you split up mortgaged property?
Not without the lender's permission. Of course there's nothing to say you couldn't prepare and record a Quit Claim Deed, but if the lender found out about the transfer, he could call the entire loan due and payable in full. Not a good idea.
When the deceased only has a house value 145000 there are NO other assets her son is the executor and the house is to be split half and half with his daughter does he need to obtain probate?
Yes. The estate must be probated in order for title to the real estate to pass to the heirs legally.
Do you pay a real estate agent to list your home?
No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.
