Sentences with phrase «transferring title to a property»

The mortgagee may register the Final Order of Foreclosure in the Land Titles office and transfer the title to the property to the name of the mortgagee.

There is a presumption that when one person transfers title to property gratuitously into the name of another (including into a joint tenancy) the transfer is not a gift, but the person receiving an interest in the title gratuitously, holds the title in trust (known as a resulting trust) for the transferor during her lifetime, and for her estate after death.

For example, a Colorado court can include language in a divorce decree that actually transfers title to property.

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

The Starker family litigation stemmed from two delayed tax - deferred like - kind exchange transactions where T.J. Starker and his son Bruce Starker sold timberland to Crown Zellerback, Inc. in exchange for a contractual promise to acquire and transfer title to properties identified by T.J. Starker and Bruce Starker within five (5) years.

If you review the land records of your County here in Florida, you'll be able to see old, handwritten land records that transfer title to some property going back hundreds of years, to the original land grants given by the King of Spain when Florida was held as a Spanish territory.

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

Not exact matches

There may be reasons arguing against including a spouse as a partner; for example, if you transfer title to your personal assets into your spouse's name to protect your personal property in the event the partnership is sued, the spouse can not have any involvement in the partnership business whatsoever, according to Ennico.

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

California charges real estate transfer taxes — taxes on the transfer of the title to real estate property.

These are the costs you need to pay to buy a house and include the fee to launch your mortgage, the real estate agent's commission, the fee for transferring the property title, the cost of a home inspection and appraisal.

Ubiquity believes that uploading property records and title documents to the blockchain could make it easier to facilitate a peer - to - peer transfer of real estate assets.

Through research, insurance and careful coordination, they make sure that the title to a piece of property is transferred legally and correctly from the seller to the buyer.

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

The TOS do not transfer from eLearning Industry to you any eLearning Industry or third party intellectual property, and all right, title and interest in and to such property will remain (as between the parties) solely with eLearning Industry.

A warranty deed is a legal document that a property owner can use to transfer a title to real estate to a new owner.

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.

However, as shown in the example above, these joint tenants will each face the same lack of legal protection as John in a case where the transferring party did not have perfect title to the property.

Still, many parents consider gifting property either upon death or before (by adding adult children to the title) as a great way to transfer property and avoid probate and other taxes.

A provision which requires that the remaining balance due be paid if the borrower sells the property or transfers title to another party.

The seller is responsible for any adverse actions against the title that occurred prior to the transfer of property.

Acceleration Clause Included in a mortgage, it allows the lender to demand early payment (sometimes in full) for certain reasons, such as defaulting on the loan, destruction of property, or transfer of title.

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

Acceleration Clause Allows the lender in a loan agreement to demand early payment (sometimes in full) for certain reasons, such as defaulting on the loan, destruction of property, or transfer of title.

The purchase, sale or transfer of real property such as land or buildings attached to the land is accomplished through a deed and a title.

The seller should warrant that she will pay all property - related expenses such as taxes and utilities up to the closing date, that she will allow the buyer to inspect the property prior to closing, and that she will transfer title to the buyer on the closing date.

By signing a deed of trust, the borrower transfers the legal title for the property to the trustee until the loan balance is paid.

The Deed is the document that transfers title to real property from one owner to another.

Even though you have signed purchase agreement and your loan request has been approved, you have no rights to the property, including access, until the legal title to the property is transferred to you and loan is closed.

Closing costs occur when the title of property is transferred from the seller to the buyer.

CDs: Hold property in joint tenancy with right of survivorship (or as tenancy by the entirety if owners are spouses), transfer title to a revocable living trust, or name a payable - on - death beneficiary.

Money Market Accounts: Hold property in joint tenancy with right of survivorship (or as tenancy by the entirety if owners are spouses), transfer title to a revocable living trust, or name a payable - on - death beneficiary.

The history of all of the documents that transfer title to a parcel of real property, starting with the earliest existing document and ending with the most recent.

A due - on - sale clause in your original mortgage agreement gives the lender the right to call your remaining mortgage balance due if you sell the mortgaged property or otherwise transfer title to another party.

The final step is called settlement or closing, where the legal title to the property is transferred to you.

For instance, buyers get the title to the property, lenders have their loans recorded in the public records, and state governments collect their transfer taxes.

Wire Transfer Fee - When you purchase the property, your lender might wire funds to an account, known as an escrow account of the title company, to cover the loan amount and the closing costs.

A lien is a mechanism to impede legal title transfer of a vehicle, real property, or sometimes, expensive business equipment.

A rush to file before the new tax went into effect helped lead to a record 15,000 property transfer applications last Thursday and Friday, temporarily crashing the electronic filing system, said a spokeswoman for the Land Title and Survey Authority of B.C.

We want to transfer the title to my father who doesn't own any property to avoid paying tax on the capital gain.

Overall, Garrett recommends transferring the title to an LLC after purchasing the property, pay your mortgage payments on time, and explain «continuity of obligation» if the lender has an issue with receiving checks in the name of the LLC.

A common concern to transferring the title to an LLC is, «Well Joe, what if I have a loan against a property?

Title clearance: Before you can own or «take title» to a home, most lenders will require a title search of public property records to make sure there aren't any liens or issues with transferring the property into your name (which is rare, but if something does crop up, it's better to know that upfrTitle clearance: Before you can own or «take title» to a home, most lenders will require a title search of public property records to make sure there aren't any liens or issues with transferring the property into your name (which is rare, but if something does crop up, it's better to know that upfrtitle» to a home, most lenders will require a title search of public property records to make sure there aren't any liens or issues with transferring the property into your name (which is rare, but if something does crop up, it's better to know that upfrtitle search of public property records to make sure there aren't any liens or issues with transferring the property into your name (which is rare, but if something does crop up, it's better to know that upfront).

In a purchase, this is also where the title to the property is transferred, and you will be handed the keys to your new home.

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.

Neither title nor intellectual property rights are transferred to you by access to this site.

Through court action, a debt collector can gain authority to garnish wages or a bank account, or place a lien on a debtor's property, which effectively prevents transfer of title.

In order to help them, we used the higher value of the property appraisal to obtain temporary private mortgage financing so that these clients were able to transfer the title from the seller over to them.