Sentences with phrase «property ownership transfers»

The Maryland Quitclaim Deed is useful for quick property ownership transfers, usually between family, friends or wholly - owned companies.

Not exact matches

(«Chain of title» refers to the sequence of transferred ownership of property, from the present owner back to the first.)

REO, which stands for «Real Estate Owned,» is a term applied to foreclosed properties where ownership has transferred to the bank or lender.

Digital currency or digital money is an Internet - based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer - of - ownership.

CRs limit future development by removing some or all of the development potential of the property, without transferring ownership.

«Social - republican property can be distinguished from the more conventional notion of capital ownership, which might be called «liberal private» property, by two features: first, transfer or alienation restraints that confine control of the property to active or potentially active participants in a community constituted by the property, and second, accumulation restraints designed to limit inequality among members of such a community.

«The 27 properties served across the state are just the first set of an ongoing exercise embarked upon by the Ministry of Physical Planning and Urban Development to validate the records and permits of properties that have undergone ownership transfer processes.

Now, the family matriarch has transferred the majority of the ownership at the property to her developer son and a family trust he set up in 2016, public records filed with the city Monday show.

«To suggest that because the transfer of ownership from the federal government to Mr. Banire is yet to be finalized makes him a mere tenant on the property he has acquired is not only disingenuous but is an attempt that is subtly fraudulent.

The statement said by his admission, Banire agrees that a transfer of ownership on the property he has acquired is indeed taking place and what the Lagos State law demands is a validation of this claim so that the requisite permit on the existing property; an alteration to it or a new construction, as the case may be, may be sought and obtained.

He said the several months of perfecting the transfer of the ownership was a family discussion which was devoid of any bitter feelings expressing delight that he and his team carried out the directives of Mr. President concerning the handover of the edifice and ensuring that all the equipments and properties were not removed.

Immediately after seizing the properties, the city plans to transfer ownership to the new Syracuse - Onondaga County land bank, which will market the properties for sale.

August 2011: To help free the Kennedy Square property from competitive bidding requirements that bind SUNY Upstate, Empire State Development transfers ownership of the property a second time.

The property owner was listed as Jul - Bet Enterprises when the application was first filed about eight years ago, but in 2007 ownership was transferred to Jamesport Development LLC, whose ownership comprised 50 percent of Jul - Bet Enterprises and 25 percent each of RBR Equities and SW Consulting.

Cars.com expressly reserves the right to release any personally identifiable information or other information you provide to third parties under the following circumstances: (a) when required by law or legal process, (b) to investigate and / or take action against illegal activity, suspected abuse or unauthorized use of the Site, (c) to protect the property or safety of our users or others, (d) to enforce our Terms of Service and (e) in connection with any sale or other transfer of ownership of all or a part of Cars.com.

In fact, conduit loan documentation routinely prohibits selling or transferring more than 49 % equity ownership in the property to a partner.

Transferring ownership (legal title) of the decedent's property to the beneficiaries (heirs) listed in the will or according to state intestacy laws if there is no will.

In the event of the borrower's death, the home is transferred to heirs of the estate who have the option of selling the home or pay off the reverse mortgage or maintaining ownership of the property.

If a parent gifts an adult - child real estate, the CRA considers this transfer of ownership as a disposition: a virtual sale of the property at fair market value.

It generally attaches to all valuable property, and may hinder the ability to transfer ownership.

At the closing or settlement, you sign legal documents, make your own down payment and pay closing costs, at which point ownership of the property is legally transferred from the seller to the buyer.

Deed A legal document that transfers ownership of a property title from one person to another.

A quitclaim deed transfers property ownership between parties, and by signing this document, your spouse give up any rights to the property.

If you buy in a homeowners association, you'll probably pay for a copy of the Covenants, Concessions and Restrictions (CC&R s), a fee for the property manager to complete a condo survey for the lender, and a fee to transfer ownership records.

For new purchases, these costs also include ownership transfer of any collateral property from the seller to you.

Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property «subject to» the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device.

Finalizing the sale of the property involves completing the financial agreement and transferring legal ownership.

Expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property.

Once you have made all acquisition payments and the facility has been settled, we transfer ownership of the property to you.

A quitclaim deed transfers the ownership of a property without it being sold.

Closing Costs Expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property.

There are costs and tax consequences involved in transferring legal ownership of property into trusts.

Fannie Mae sells its properties «as is» and is not responsible for fixing problems after a transfer of ownership

The bankruptcy will discharge the debt but it does not transfer the property rights or ownership of the real property...

With the home purchase process completed, ownership of the property transfers from the seller to the buyer — you!

First, if a spouse deeds off of a property in order to become a non-borrowing spouse, that individual's future ownership interests in the property are dependent upon the method by which the couple has set up the transfer in the instance of the passing of the spouse (for example, through a trust, etc).

Closing Costs These are expenses - over and above the price of the property - that are incurred by buyers and sellers when transferring ownership of a property.

If your spouse's name isn't on the property deed or title, you might need to use a quit claim deed to transfer ownership should something happen to you, or risk foreclosure.

For example, Tower Federal Credit Union will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

For example, we will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

It's one reason why parents often choose to transfer ownership of the property to their heirs before their death.

Typically, the buyer's costs include mortgage insurance, homeowner's insurance, appraisal fees and property taxes, while the seller covers ownership transfer fees and pays a commission to their real estate agent.

In order to explore the income tax implications associated with transferring ownership of a cottage, I will assume both a city residence and a cottage have been purchased subsequent to 1981 and I will assume that the principal residence exemption has been fully allocated to your city home and the cottage will be the taxable property.

Closing: The final steps in the transfer of property ownership, which usually occurs at a formal meeting between the buyer, seller, and third party agent (s), where the buyer signs the manufactured home mortgage contract.

You can also use the word as a transitive verb to describe the conveyance of property, which is the legal process of transferring ownership in real property from one owner to another.

These are expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property.

Transferring ownership to a LLC is transferring to a different legal entity (as opposed, for example, to putting your property into a liTransferring ownership to a LLC is transferring to a different legal entity (as opposed, for example, to putting your property into a litransferring to a different legal entity (as opposed, for example, to putting your property into a living trust).

The CRA considers this a «deemed disposition» — you haven't actually transferred the ownership to another person, but you have changed the primary use of the property, from your family home to a rental property.

Personal property assets are generally transferred with a simple receipt or bill of sale and possession itself tends to equate with ownership.

The need for the QI to step into title as part of the sequential deeding process was cumbersome insofar as the QI's transitory ownership complicated the issuance of title insurance, involved duplication of transfer taxes and introduced transactional risks for the QI associated with its ownership of both the relinquished property and the replacement property.