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Deeds and Ownership

Ownership of real property is one of the most valuable legal rights. The method of documenting and transferring this ownership gives rise to the questions in this category.

5,025 Questions

Is it possible to remove a co-borrower on a mortgage loan without refinancing the loan?

Yes, it is possible to remove a co-borrower from a mortgage loan without refinancing, but it can be challenging. Some lenders may allow a co-borrower to be removed through a process called a loan assumption or modification, where the remaining borrower assumes full responsibility for the loan. However, this typically requires the remaining borrower to meet the lender's credit and income requirements. It's essential to check with your lender for their specific policies and procedures regarding this process.

Who said O heavy deed It had been so with us?

The line "O heavy deed! It had been so with us" is spoken by the character Banquo in William Shakespeare's play "Macbeth." This line reflects Banquo's realization of the gravity of the situation surrounding Macbeth and the impact of the witches' prophecies. It underscores Banquo's awareness of the dark consequences that ambition and betrayal can bring.

Can entailed property be sold?

Yes, entailed property can be sold, but it typically requires the consent of all parties involved in the entailment, such as heirs or trustees. In many jurisdictions, the process may involve legal procedures to amend or dissolve the entailment. Additionally, the terms of the entailment itself may dictate specific conditions or restrictions regarding the sale. It’s advisable to consult a legal expert for guidance in such situations.

When a person abandons their belongings on your property how long before you can claim them legally?

The timeframe for claiming abandoned belongings on your property varies by jurisdiction. Generally, you may need to wait a specific period, often ranging from 30 to 90 days, and follow certain legal procedures, such as providing notice to the owner. It’s important to check local laws or consult with a legal professional to ensure compliance with applicable regulations.

Your mother has no income and sold the house she lived in. She lived in the property less than 2 years the state and IRS are after her for capital gain. Any suggestions?

If your mother has sold her house and is facing capital gains tax after living there for less than two years, she may not qualify for the primary residence exclusion, which typically allows homeowners to exempt up to $250,000 (or $500,000 for married couples) of capital gains if they meet the two-year residency requirement. It's advisable for her to consult a tax professional to explore options, such as reporting any losses or deductions she might qualify for. Additionally, if she has no income, she may be eligible for certain tax relief programs or assistance.

Are Property deeds motor vehicle records and professional licenses all examples of nonpublic information?

No, property deeds, motor vehicle records, and professional licenses are generally considered public information, as they are typically filed with government agencies and accessible to the public. However, certain details within these records may be protected or restricted to maintain privacy. Nonpublic information usually refers to data that is not available to the general public, such as personal financial information or sensitive personal identifiers.

How does the remainder man receive property in a joint tenancy deed with rights of survivorship?

In a joint tenancy deed with rights of survivorship, when one joint tenant passes away, their interest in the property automatically transfers to the surviving joint tenants, rather than being passed through probate to heirs. This means that the remaining joint tenants own the property as a whole, with equal rights to the entirety of the property. The deceased tenant's share does not go to their estate; instead, it is extinguished and the surviving tenants continue to hold the property together. This form of ownership ensures a seamless transfer of property rights upon death.

What verb corresponds with deed?

The verb that corresponds with "deed" is "to do." A deed refers to an action or something that has been done, while "to do" expresses the act of performing that action. In various contexts, other related verbs might include "perform" or "execute," but "do" is the most direct correspondence.

Have complied with court order but still x will not lift restriction off property and will lose your sale?

If you have complied with the court order but the restriction remains in place, it may be necessary to seek clarification or enforcement from the court. You could also consider contacting the party responsible for the restriction to discuss the situation. If time is of the essence due to an impending sale, consulting with a legal professional for guidance on expediting the process may be beneficial.

Can any professional us the title Esquire?

The title "Esquire" (abbreviated as "Esq.") is traditionally used in the United States to denote a licensed attorney or lawyer. While it is not a formal title and does not require any specific qualifications, it is generally reserved for individuals who have passed the bar exam and are practicing law. Other professionals can technically use the title, but it is typically seen as misleading unless they are indeed attorneys. Therefore, it is best practice for only licensed lawyers to use the title "Esquire."

Does the other person need to know if you split tenancy?

Yes, it's generally important to inform the other person if you split tenancy, as it affects the legal and financial responsibilities associated with the rental agreement. Transparency can help maintain trust and ensure that both parties are aware of their obligations, such as rent payments and maintenance responsibilities. Additionally, having clear communication can prevent misunderstandings or disputes in the future.

How can a mother an son by and title house together?

A mother and son can buy a house together by applying for a mortgage jointly, which involves both parties' income and credit histories being considered. They can choose to hold the title as joint tenants, giving both equal ownership rights, or as tenants in common, allowing for different ownership shares. It's important for them to discuss financial responsibilities and estate planning. Consulting with a real estate attorney can help ensure all legal aspects are properly addressed.

What would the survivorship curve for humans look like if there were a worldwid?

If there were a worldwide event leading to drastic population decline, the survivorship curve for humans would likely shift toward a Type II or Type III curve. This means that mortality rates would increase significantly at various life stages, leading to higher death rates among younger individuals. As a result, fewer individuals would survive to old age, reflecting a more rapid decrease in population. In the long term, the curve might stabilize if the remaining population adapts and recovers over time.

How do you get a copy of your enlisted records brief?

To obtain a copy of your enlisted records brief, you can submit a request through your branch's personnel office or the appropriate military records management office. Typically, you will need to provide personal identification information, such as your Social Security number and service details. For most branches, you can also access records through online portals like the Defense Enrollment Eligibility Reporting System (DEERS) or the official military website. If needed, you may also contact the National Archives for additional assistance.

Caring for part of someones property do you own it?

Caring for part of someone's property does not grant you ownership of it. Ownership is typically defined by legal titles and rights, which remain with the property owner unless formally transferred. Simply maintaining or looking after a property does not change its ownership status. However, caretaking agreements or contracts may establish specific rights and responsibilities between the caretaker and owner.

Who owns the property at 9967 st marys?

I'm sorry, but I cannot provide real-time or specific property ownership information. To find out who owns the property at 9967 St. Marys, you may want to check local property records or use an online property search tool. Alternatively, contacting a local real estate agent or the county assessor's office can also provide you with the information you need.

Can a family member be witnesses on a notarized deed?

Yes, a family member can serve as a witness on a notarized deed, but this may vary depending on the laws of the state or jurisdiction where the deed is being executed. Some jurisdictions may have specific requirements regarding the impartiality of witnesses, which could disqualify family members. It's essential to check local regulations to ensure compliance. Consulting with a legal professional is advisable for specific situations.

When property is privately owned people have a strong incentive to use their property in ways that are highly valued by others because?

When property is privately owned, individuals are motivated to maximize its value to enhance their financial returns or personal satisfaction. They have the freedom to make decisions that align with market demand, leading to efficient resource allocation. This drive encourages innovation and investment, as owners strive to improve their property’s appeal and utility to potential buyers or renters. Ultimately, private ownership fosters a competitive environment where the interests of owners and the needs of the community align.

Can someone forclose on property they do not own?

No, a person cannot foreclose on property they do not own. Foreclosure is a legal process that allows a lender to take possession of a property when the borrower fails to repay their mortgage. Only the property owner or the lender holding the mortgage has the right to initiate foreclosure proceedings. If someone attempts to foreclose on property they do not own, it would be considered illegal and could lead to legal consequences.

What is deed od adjudication with sale?

A deed of adjudication with sale is a legal document that formalizes the transfer of property ownership following a court adjudication, typically in cases of bankruptcy or foreclosure. It allows the property to be sold to satisfy debts, with the proceeds distributed among creditors. This process ensures that the sale is conducted in compliance with legal requirements, providing a clear title to the buyer and protecting their interests. Essentially, it combines the adjudication of ownership with the sale of the property to streamline the resolution of financial obligations.

What is a jurit in a deed?

A jurit in a deed refers to a legal term that indicates the presence of a witness or witnesses who attest to the execution of the document. This ensures that the deed is valid and enforceable, as the signature of the jurit confirms that the parties involved signed the document willingly and in accordance with legal requirements. The presence of a jurit may also help prevent disputes regarding the authenticity of the deed in the future.

What is the benefit of being both the grantor and grantee in a deed?

Being both the grantor and grantee in a deed allows for greater control over the property transfer process. It can simplify transactions, as the individual can easily manage the terms and conditions of the deed without needing to negotiate with another party. This dual role can also streamline the process for estate planning or asset protection purposes, ensuring that the property is held in a specific manner that aligns with the grantor's intentions.

How do you Find property parcels in Davidson County Tennessee?

To find property parcels in Davidson County, Tennessee, you can visit the Davidson County Property Assessor's website, where they provide an online property search tool. You can search by address, parcel number, or owner name to access property details. Additionally, the Metro Nashville government website offers mapping tools that can help visualize property boundaries and zoning information. For more detailed inquiries, you may also contact the Davidson County Assessor's office directly.

Is Virginia a tenants by the entirety state?

Yes, Virginia is a tenants by the entirety state. This form of ownership is available only to married couples, allowing them to hold property jointly with the right of survivorship. It provides protection against individual creditors, meaning that one spouse's creditors cannot claim the property to satisfy debts. If one spouse passes away, the surviving spouse automatically inherits full ownership of the property.

What is an acceptance of transfer of beneficial interest and ratification of trust agreement?

An acceptance of transfer of beneficial interest refers to the formal acknowledgment by a party that they are receiving rights or benefits associated with a trust or asset. Ratification of a trust agreement involves a party confirming or validating the terms of a trust that may have been created or modified without their initial consent. Together, these actions ensure that the new beneficiary is legally recognized and that the trust operates according to its intended terms, thereby reinforcing the legal framework of the trust.