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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
What is a Meets and bounds description of land?
A metes and bounds description of land is a description that incorporates angles and distances and definite points on the ground. For example: Beginning at a stone bound on the North side of Riverview Road 250 feet East of the East side of Nott Road, thence running North 2 degrees East a distance of 300 feet to an iron rod; thence running East 88 degrees South a distance of 200 feet to an iron rod; thence running South 2 degrees West 300 feet to an iron rod; thence running 200 feet to the point of beginning.
That metes and bounds description describes a tract of land that is 300 feet deep with a 200 frontage on the North side of Riverview Road. The tract is situated 250 feet East of the intersection of the East side of Nott Road and the North side of Riverview Road.
What right does a potential buyer have to put a Lis Pendens on a property?
A lis pendens is a legal notice there is a court case pending that may affect the title to the real estate. You will need to check the information on the lis pendens to determine which court is handling the case. You can go to that court and read the file.
The TN homestead exemption stand for the Tennessee homestead exemption. The Tennessee homestead exemption protects some of the home equity when bankruptcy is being filed.
Do you have to file the deed in the state that the property is located?
Of course. How else will the public be able to determine the ownership of the property. All documents that affect real property must be recorded in the jurisdiction (usually a county or town office) where the land is located or they will have no effect.
Can property be contested if daughters name IS on property title when mother dies?
You can contest it if you want to, but if the daughter's name is listed as a co-owner of the property, and they owned as joint tenants with the right of survivorship, then it is her sole property when mom dies. There might be a case for undue influence.
Where do you file for Los Angeles County CA homestead exemption?
The Declaration of Homestead is available from the Registrar-Recorder/County Clerk and must be recorded at their offices. HOMESTEADS
Registrar-Recorder/County Clerk
12400 Imperial Hwy., 1st Flr., Windows 1-14, Norwalk 90650
Phone (562) 462-2125
Website: http://lavote.net or http://rrcc.lacounty.gov A declaration of homestead may be declared and recorded by owners of real property on their principal place of residence. Signatures on the declaration of homestead must be notarized. Declaration of homestead forms may be purchased at most office supply and legal stationery stores, and is available on the Registrar-Recorder/County Clerk website. Homestead documents may be recorded by mail or in person. The recording fee is $9 for the first page and $3 for each additional page. If the document does not conform to 8-1/2" by 11" page size, there is an additional $3 fee for each page of the document. To record a homestead document by mail, send the completed form and recording fee to: Registrar-Recorder/County Clerk, P.O. Box 53115, Los Angeles, CA 90053-0115. A check or money order payable to the Registrar-Recorder/County Clerk must accompany the homestead document. To record a homestead document in person, bring the completed form to the Norwalk office between 8 a.m. - 5 p.m. weekdays (except holidays) or to one of three branch office locations offering remote recording services as follows: 14340 Sylvan St. in Van Nuys weekdays between 8:30 a.m. to 11 a.m. and 1 p.m. to 3:30 p.m. 1028 W. Ave. J-2 in Lancaster weekdays between 8:30 a.m. to 11:45 a.m. and 1 p.m. to 3:30 p.m. 11701 S. La Cienega in Los Angeles weekdays between 8:30 a.m. to 11 a.m. and 1 p.m. to 3:30 p.m. The examiner reviews documents for proper completion, collects the appropriate fees and records the documents. The original document is returned by mail within one month. A certified copy for a fee of $6 for the first page and $3 for each additional page may be requested and received immediately upon recordation of the document. Cash, check or money order may be used for in-person recording. The Declaration of Homestead is available from the Registrar-Recorder/County Clerk and must be recorded at their offices. HOMESTEADS
Registrar-Recorder/County Clerk
12400 Imperial Hwy., 1st Flr., Windows 1-14, Norwalk 90650
Phone (562) 462-2125
Website: http://lavote.net or http://rrcc.lacounty.gov A declaration of homestead may be declared and recorded by owners of real property on their principal place of residence. Signatures on the declaration of homestead must be notarized. Declaration of homestead forms may be purchased at most office supply and legal stationery stores, and is available on the Registrar-Recorder/County Clerk website. Homestead documents may be recorded by mail or in person. The recording fee is $9 for the first page and $3 for each additional page. If the document does not conform to 8-1/2" by 11" page size, there is an additional $3 fee for each page of the document. To record a homestead document by mail, send the completed form and recording fee to: Registrar-Recorder/County Clerk, P.O. Box 53115, Los Angeles, CA 90053-0115. A check or money order payable to the Registrar-Recorder/County Clerk must accompany the homestead document. To record a homestead document in person, bring the completed form to the Norwalk office between 8 a.m. - 5 p.m. weekdays (except holidays) or to one of three branch office locations offering remote recording services as follows: 14340 Sylvan St. in Van Nuys weekdays between 8:30 a.m. to 11 a.m. and 1 p.m. to 3:30 p.m. 1028 W. Ave. J-2 in Lancaster weekdays between 8:30 a.m. to 11:45 a.m. and 1 p.m. to 3:30 p.m. 11701 S. La Cienega in Los Angeles weekdays between 8:30 a.m. to 11 a.m. and 1 p.m. to 3:30 p.m. The examiner reviews documents for proper completion, collects the appropriate fees and records the documents. The original document is returned by mail within one month. A certified copy for a fee of $6 for the first page and $3 for each additional page may be requested and received immediately upon recordation of the document. Cash, check or money order may be used for in-person recording.
What explains Public ownership of most land?
Public ownership of most land is the idea that land and resources within a nation belong, ultimately, to the people of that nation. The property interests are vested in the state, rather than an individual or communities.
What is fee simple in state of Oregon?
Fee simple is the absolute ownership of land. The person who owns the land in fee simple can sell it during their life or leave it to their heirs when they die either by will or by intestate succession.
How do you get abandoned property title in TN?
In reference to real property that has been abandoned the town must initiate a court action to take possession of the property for non-payment of property taxes. Once that procedure has been completed the town is the new owner and can sell the property at an auction. If you have a particular property in mind you can visit the tax assessor's office and inquire about that property.
If property is not sold but transferred to LLC corp in wifes name is title ins still in force?
Title insurance is non-transferrable, meaning, if the deed changes, the Owner's Coverage from a PRIOR Policy does not cover the new owner. It doesn't matter whether it has been "sold" as consideration for a transfer can be anything each party agrees is of value. Many years ago, you would find deed vesting as folllows: "for the consideration of love", meaning a property had been transferred with no monetary value. If the property has a lien (mortgage on it) in the origial owner's name, you may want to also check the terms of your mortgage for "transfers" (ie sales). Most mortgages have a "due on sale" clause that means the loan must be paid in full at time of transfer to the new owner. The LLC may have to go get a new mortgage under its business entity, since the bank with the original loan had terms and conditions of making a loan to an individual, not a business/LLC. When transferring property, under a sales contract, agreement for sales or a Quit Claim Deed, it is advisable to check the terms of the current mortgage and also be aware that title insurance as an Owner's Policy, ONLY insures the owner who originally took out the Policy. Once the property is no longer owned by that individual(s), the Policy expires, regardless of what means the property was transferred by.
No. If the property was held as joint tenants with the right of survivorship then the decedent's interest automatically passed to his wife upon his death. That is the reason for creating a joint tenancy and she is the owner of the property.
Yes. Any subsequent owner would take title subject to the life estate. Mother has the right to the use and possession of the property for the duration of her natural life regardless of the conveyance to a new fee owner.
How can you give your house to your son while you are still alive?
By deed, if you own it free and clear.
You can certainly request that it be your share of the estate. There is no specific right to the property.
What does stratum freehold mean?
Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. A unit title can be referred to as a strata title or stratum estate and units can either be owned in fee or leased. A stratum freehold would be a unit owned in fee. That status is also referred to stratum in freehold.
Such communities are managed by a corporate body that sets forth rules, regulations, rights and obligations. There are usually monthly fees. This form of fee ownership is comparable to condominium ownership in the United States. Several other countries have adopted the Australian system.
No. The half owned by the dead person would go to their estate. However if the property is owned as joint tenants with right of survivorship ( JTWROS ) then the property would automatically be owned by the joint tenant.
Is a lawyer required when selling a house?
The right person that you should work with when selling a home is a licensed real estate agent in your area. Though you have the option of not hiring an agent to help you sell your home, there are many advantages of hiring one rather than a DIY act.
- Agents know better when it comes to the complex procedures of selling a home, which include lots of paperworks that you can hand him over instead of doing it yourself.
- Saves your time and energy. Agents would be the one to tour potential buyers on your home instead of doing it by yourself. Either with your presence or not, it saves you time and energy as you only get to wait for updates from the agent.
- Know who are prospect buyers. Agents who have enough experience in home selling have better understanding of how home buyers behave. They know who are simply looking and those who are really serious buyers in the market. They know whom to prioritize and put more salestalk effort and consideration when needed.
- Real estate agents can help you gauge a good price to capture serious buyers of your house for sale. They know how analyze offers and create a good range in which you can expect your property to be sold at.
- Realtor agents have connections with different contractors like home inspectors, landscapers, and other contractors which you may need when you encounter problems regarding your house.
- Access to the Multiple Listing Service (MLS) in which real estate agents use to capture a bigger audience of home buyes in the US.
In hiring a real estate agent, it is best if you hire someon who work under a brokerage and ensure that the agent is really working for that company. Check their license by verifying them at your states' real estate commission so you can be sure of the safety and confidentiality involve in selling your house.
However, real estate agents are great for the act of buying and selling but at closing time there are legal issues to be dealt with and you should be represented by an attorney to ensure a problem free closing. A real estate agent cannot look out for your legal interests.
A large amount of money must change hands at a closing. Outstanding mortgages, property taxes, municipal charges and other encumbrances must be properly discharged and an attorney who specializes in real estate law has a staff that is accustomed to touching all the bases. The seller generally provides the deed. You need to make certain you have a proper deed with all the appropriate sections including the correct description and most important, your attorney will arrange to address any issues revealed by a title examination.
You can sell your home without the benefit of an attorney or a real estate agent but why take chances that problems will develop at or after the closing. Problems are generally more costly to address after the fact.
Does a judgment lien against a property have interest?
Yes. Interest continues to accrue until the judgment is paid. That causes the debt to grow. In Massachusetts that interest rate is 12%.
What if you don't own any property or have a job what can the IRS place a lien on?
An IRS lien attaches to ALL property, real and personal. This means that it attaches to the shoes you are wearing, your cool sunglasses, everything. That doesn't mean that the IRS is going to come take those things. If you don't have a job the IRS can place you in Currently Not Collectible status, meaning that they know that you do not have the ability to make payments. Once you are in this status, they will leave you alone until your financial condition improves.
Is Maine a community property state?
No. In the United States there are ten community property states: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.
ETUX, or Electronic Transaction User Experience, enhances the process of handling deeds by streamlining the electronic signing and recording of documents. It allows parties involved in a transaction to sign and submit deeds online, reducing the need for physical paperwork and in-person visits. This digital approach improves efficiency, ensures better tracking of documents, and facilitates quicker processing times for property transactions. Additionally, ETUX typically incorporates security measures to protect the integrity and authenticity of the deed.
How do you satisfy reversionary clause?
A reversionary clause provides that the grantee must fulfill some obligation or restriction or the property reverts back to the former owner. To 'satisfy' the reversionary clause you fulfill the obligation
