Do you need to redo the deed to refinance?
You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.
How can you determine if a real property has been mortgaged?
Liens and other encumbrances are disclosed by a comprehensive title examination performed by a professional. This should be performed prior to the purchase. When you acquire real property by virtue of an unexamined quitclaim deed there are no guarantees that the grantor owns the land.
If you wish to check the record title yourself see the information at the related question link provided below.
Should I will my property to my son or add his name on the deed?
Adding his name to the deed would avoid probate costs at the time of your decease. However, adding his name would also make the property vulnerable to his creditirs. You should seek advice from an attorney who can review your situation and explain your options.
Can a minor hold title of real estate property in AZ?
Anything younger than 18 is a minor. Until then they cannot contract or hold real property.
What does it mean when it says after the owners name on a deed trustee?
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
That means the grantee is a trustee who is holding title to the property for the benefit of the beneficiaries of a trust. They do not own the property as an individual.
Interference with anothers enjoyment of life or property?
You may be referring to Intentional Infliction of Emotional Distress, and Trespass to Chattels.
Grantors X, Y and Z hereby grant the described property to X, Y and Z as joint tenants with right of survivorship and not as tenants in common, subject to a life estate for their parents A and B, measured by the joint lifetimes of A and B...
You can then go on about the obligations to pay taxes and other assessments, maintain the property against the elements and against trespass, and so forth, or just go with whatever default provisions your jurisdiction has come up with for the obligations of life tenants, if any.
Things you can touch like your furniture, car, and real estate. Intangible would be like patents, copyrights, trademarks, interests in a business, and time shares.
What word means to remove a law from the law books?
Abrogate means 'to repel, annul, or cancel' and is used with reference to laws, rules, treaties, and other formal agreements
Read more: abrogate
What is the statute of limitations to contest a quit claim deed in Illinois?
You need to provide more detail. Deeds cannot be "contested" as one can contest the allowance of a Will. You cannot contest a deed simply because you are unhappy with the choice of grantee. Lawsuits involving land can fall into different categories. If you think a deed was a result of fraud or undue influence and wish to challenge it then you need to discuss the situation with an attorney who can review the situation and explain your rights and options. Such suits must be carefully prepared, after examining the title to the property and collecting the evidence, and can be costly.
What does lawfully seized and possessed of said land in fee simple mean?
The term "seized and possessed" most often appears in wills in which land and/or property are inherited from one person to another. I means that one legally acquired and owns said land and/or property.
Is there a statute to limitations on filing a security deed?
Each state has a certain statute of limitations for security instruments. The instrument should be recorded as soon as it's executed in order to preserve the interest of the lender in the property. If the lender doesn't record the security deed immediately it can be recorded any time during the statute of limitations. However, subsequent liens that have already been recorded would take precedence.
Do both borrowers of mortgage have to be on the land deed?
Your question needs to be turned around. A person who has no ownership interest in the property should NOT sign a mortgage. When you sign a mortgage you agree to be responsible for paying the debt. If the homeowner defaults on the mortgage the lender will go after you to pay the debt if you signed the mortgage, even if you don't owe the property. It is not a wise decision to offer to pay for something you don't own.
Does the bank need to know about a quit claim deed?
Yes. If the bank has a mortgage on the property there is a due on tranfer clause in the mortgage that the property owner signed That means the bank must be notified of any transfer of ownership and it can demand payment in full of the mortgage if any transfer is made. A quitclaim deed would be a transfer of ownership.
Does a quitclaim deed remove you from financial responsibility?
No. A quitclaim deed changes the ownership interest in the property. This does not change or impact the loan note signed by the borrowers, both of whom retain join legal liability for the loan. Furthermore, most loan documents (usually the deed of trust or note) state that any changes to the ownership of the home without prior written consent of the lender constitutes a violation of the loan terms and may be considered a default.
When is a quit claim deed legal?
A deed is legal when it has been properly executed by the grantor unless there is fraud or they don't own the property.
A legal quit claim deed is one that is properly drafted for its jurisdiction, properly executed by the grantor and the grantor owns, or believes they own, an interest in the property. A title examination performed by a professional can confirm if the grantor is the owner of the property.
Does a will have to be probated no land just personal property?
Yes. In order for title to real property to pass to the devisee the estate must be probated. You will not become the legal owner of the land until the will is allowed in cour, an executor is appointed and the probate process is completed. You should seek the advice of an attorney who specializes in probate matters in order to clear the title to the property.
No. If the property has always been in wife's name then it cannot be encumbered by a creditor of the husband. However, if the property was recently transferred by the husband and wife to the wife then the creditor may claim the transfer was a fraudulent conveyance and lacking any or significant consideration was made for the purposes of protecting the property from a creditor. A fraudulent conveyance will not protect the property from the husband's debt and may cause further problems.
Does a husband have to sign a deed to sell the property owned by the wife?
The only type of deed a buyer signs is a condominium unit deed. In a community property state your husband may need to sign the deed. You should consult with an attorney in your state who can review your situation and explain your rights and options and also explain property ownership between married couples in your state.
Who pays for title insurance in Wisconsin?
Seller or buyer can pay for the title insurance. Whatever is mutually acceptable by both parties.
In some states, the buyer always pays the entire fees. In other states, the seller always pays the entire fees. However, this can always be negotiated.
I have seen split fees where the seller will pay for the searches and the buyer pays all premium, recording and incidental charges.
Many sellers elect to have a Title Report (no insurance, just information) run on the property when they put it up for sale so there will be no surprises later on. If the buyer uses the same title agency for the sale, typically the title agency will not charge full search fees, instead applying what the seller has already paid for the Report, towards the final title closing fees.
Therefore, the fees are negotiable and usually follow the standard practice for the area where you live.
How do you file a quitclaim deed in Los Angeles County?
See: http://www.lavote.net/RECORDER/Document_Recording.cfm This has all the information you will need. A preliminary change of ownership report is also required. Information is at http://assessor.lacounty.gov/extranet/list/forms.aspx Good luck.
With the consent of both parties signing the deed, the deed may be rewritten (or, more practically, corrected) and re-recorded. If you are rewriting the deed, make sure that it is clear that the new deed is a re-recording and correction of the old deed--I would record the old deed at the back of the new deed, and write on the recording cover sheet that the new deed is a re-recording, and reference the old deed by recording number as well.
What is a palindrome for a paper that shows legal ownership of property?
Ownership of real property is evidenced by a deed or a certificate of title.
How can an adoption deed be cancelled?
India: If the adoption deed has no technical defects then it cannot be revoked. You need to consult with an attorney in your jurisdiction.