Sentences with phrase «legal ownership of the property»
There are costs and tax consequences involved in transferring legal ownership of property into trusts.
moneysense.ca
In the event that full repayment is not made, the lender may take legal ownership of the property.
Insurance that protects an interested party, either the owner or the lender, against issues that would affect legal ownership of the property.
So, in summary, as regards proving legal ownership of your property, you are highly unlikely to have a problem, even if you have no paperwork.
Foreclosure — When a homeowner defaults by failing to make payments on their mortgage, the lender that holds the mortgage is given legal ownership of the property to allow them to recoup the money that was lent.
Note: an Exclusive Possession Order does not change legal ownership of the property.
If the only way for the necessary funds to be raised is the sale of your home, then the trustee may do this, meaning that you give up legal ownership of the property if you own it in entirety in the first place.
This is where diligent real estate sales professionals turn to GeoWarehouse: to validate legal ownership of a property, check registered mortgages to ensure the existence of sufficient equity, or to review a property's history to ensure that everything is copasetic.
This does not change the legal ownership of your property.
At closing, you will sign the mortgage loan documents, the seller will execute the deed to the property, funds will be collected and disbursed and the closing agent will record the necessary instruments to give you legal ownership of the property.
You get a legal ownership of the property and returns, usually on a monthly or quarterly basis.
Title Search An examination of municipal records to determine the legal ownership of property.
Recording Fees - To create a public record of your legal ownership of the property, the lenders notify the county government to record the transaction.
Title guarantees the homeowner's legal ownership of the property.
You get a legal ownership of the property and returns, usually on a monthly or quarterly basis.