No, the lien will be satisfied first. Also, she cannot sell the house without the approval of a spouse or other interested party, unless there is a court order to do so.
Keep in mind that if there was an outstanding mortgage on the property when it was quitclaimed to you then the property is subject to that mortgage. The lender will find the first mortgage when the title is examined and then will decide if there is enough equity in the property to loan more money to you.
If your brother is the sole owner and there is no outstanding mortgage then he has the right to transfer the property to you by a quitclaim deed. However, if there is an outstanding mortgage the lender can demand payment in full if the property is transferred. If the transfer is done to avoid creditors then the court can invalidate the deed.You should consult with an attorney who can check the title for any outstanding claims and encumbrances and then draft a deed that is proper for that jurisdiction.
No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.
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By having a title examination performed by a professional to insure there are no outstanding encumbrances and that the owner owns 100% interest in the property. Then get a Warranty Deed from the owner.
Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.Yes. The only means to determine if there are no outstanding liens on a property is to have the title examined by a professional.
Your husband must sign a deed that transfers his interest in the property to you. An attorney should draft the deed.Your husband must sign a deed that transfers his interest in the property to you. An attorney should draft the deed.Your husband must sign a deed that transfers his interest in the property to you. An attorney should draft the deed.Your husband must sign a deed that transfers his interest in the property to you. An attorney should draft the deed.
Any one with an interest in the property, the seller, signs the deed unless it is a unit deed in a condominium. In that case, the seller and buyer sign the deed. The buyer signs the purchase money mortgage.
If the deed description of the property is correct then it's not a problem if only the address is recited incorrectly. The deed description is what identifies the property that is being conveyed. If the property address is the only description of the property then you have a problem. You would need to obtain a corrective deed.
Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.
If you acquire a property by deed then you will be the owner. You will have the right to the use, possession, income and profits from the property. You will have absolute rights in the property. You will also be responsible for the property.
There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.There is no such document as a disinheritance deed. A deed cannot be revoked. When the owner of property executes a deed and the deed is recorded, the property has a new owner.