Sentences with phrase «title to the property»

If one spouse dies, the surviving spouse would hold title to the property as a trustee.

At closing, the buyer takes title to the property through the execution and delivery of a deed by the seller.

Title insurance is a real thing, but that isn't insuring the loan, it's insuring the chain of title to the property in question.

It is of utmost importance that you receive clear title to the property when you purchase real estate.

Many people are under the mistaken impression that transferring title to a property secured by a «due on sale» mortgage is illegal.

Reverse mortgage borrowers continue to own the home and retain title to the property, subject to a lien as with most other mortgage loans.

Their samples of getting title to the properties for penny on the dollars is once in a blue moon opportunity and is very rare.

The buyer gets title to the property and immediate possession without lengthy delays, expensive loan fees, and closing costs.

A secured loan requires that your lender secure title to property you can offer.

An attorney will review all paperwork, prepare and register legal documents, and make sure you get a clean title to the property you buy.

The mortgage is executed by the buyer at the same time as the the acquisition of the legal title to the property so that they form one transaction.

This is the day that you, the home seller, will convey title to the property to the new buyer and receives the proceeds check from the sale.

In some instances of joint ownership, however, a deed is unnecessary, as the surviving spouse will automatically take full title to the property immediately upon the deceased spouse's death.

Title insurance protects the lender against unclear title to the property you are buying.

That purchase contract will have language that the sale is contingent upon seller obtaining title to property.

Funds change hands and legal title to the property passes to the buyer.

The seller needs to ensure that the seller is obligated to only deliver title to property the seller, in fact, owns and can sell.

How you hold title to your property may have substantial implications for your income and estate taxes.

In a power of sale the lender does not take title to the property.

It is a legally binding secondary charge on title to the property.

Title insurance ensures that if there is ever a problem with clear title to the property, the lender's money will not be at risk.

You will want to research this and settle any claims before you consider or attempt to sell, lease or transfer title to the property.

Reverse mortgage borrowers continue to own the home and retain title to the property, subject to a lien as with most other mortgage loans.

With the latter, you may be able to buy a partial interest in this form of title to property owned by two or more individuals because the partners often sell at a discount.

Even though the first mortgage is not being paid off, you are selling the property to the buyer and the buyer is taking legal title to the property.

The buyer gets title to the property and a home that's essentially his.

These clients were mostly low - income and elderly homeowners trying to clear title to their property so they would be eligible for funding to make their homes safe and habitable.

This is the document that conveys title to the property.

Title insurance protects the lender against an unclear title to the property you are buying.

An intermediary, often a title company or attorney, can temporarily hold title to the properties if parties haven't identified properties for exchange within the given time frame.

Alternatively, the seller might agree to finance the sale himself, in which case the buyer will pay periodic installments to the seller and will not take title to the property until the last payment is completed.

A trust is created by a settlor, who transfers title to some or all of his or her property to a trustee, who then holds title to that property in IN WATCHING the flow of events over the past decade or so, it is hard to avoid the feeling that something very fundamental has happened in world

Assumption of mortgage - The act of acquiring title to property which has an existing mortgage on it and agreeing to be personally liable for the terms and conditions of the mortgage, including payments.

However, in a reverse exchange, a second intermediary, called an accommodation titleholder, takes title to either the relinquished or the replacement property since the exchanger can't hold title to both properties at once.

In a special warranty deed the grantor guarantees to the grantee that he has done nothing during the time he held title to the property which has, or which might in the future, impair the grantee's title.

In addition, title searchers also look for reconveyances (proof that the encumbrances are paid off), and they look for easements, rights - of - way, CC&R s, other elements affecting title to the property.

Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

Restrictive covenants are placed against title to a property for the benefit of one or more other properties (and the owners of those parcels).

Prior to closing, a real estate attorney examines title to the property to determine the state of the title and whether the seller is able to transfer good title to the buyer in accordance with the contract.

Warranty Deeds guarantee good title to the property at the liability of the grantor; however, they are not commonly used in all states.

According to the Portland school board, the real estate trust was «a nonprofit, independent entity created by [Portland Public Schools], which could, at the board's discretion, be given title to property deemed «surplus» to either market or redevelop it on behalf of the school district.»

The team has experience in developing housing units and estates, and assists clients with preparing contracts of sale and deeds of assignment, as well as with perfecting titles to properties.

The amount of money that is paid for the use of land when title to a property is held as a leasehold estate rather than as a fee simple estate.

A certificate issued by a title company or a written opinion rendered by an attorney that the seller has good marketable and insurable title to the property, which he is offering for sale.

Judicial Foreclosure A court procedure used by lenders to secure clear title to a property under a defaulted real estate loan.

If you are an heir to a property and you would like to keep that property, you can refinance into a new mortgage loan and take title to the property from the estate at the same time.