Sentences with phrase «where ownership of the property»

REO (Real Estate Owned): A process where ownership of a property was transferred from an original owner to the owner's lender through the foreclosure process.

«Closing» refers to the meeting where ownership of the property is legally transferred to the buyer.

Last Update: 2/18/18 The event where a Florida condominium or single family home changes hands, where ownership of the property goes from the seller to the buyer, is called the «closing» or the «closing of the transaction.»

Not exact matches

And that's in the developed world, where — for the most part — property lines are clearly marked and records of ownership have been meticulously documented and stored for years.

This only happens where the church board was foolish enough to put the ownership of the church property in the name of the pastor / priest.

Your child may seem to be less protective of ownership, its likely he feels more comfortable sharing with his friend at his house, where he is not defending his own property.

These types of tradeoffs were at the forefront at the AAAS meeting, where several participants raised questions about property rights and data ownership.

Stocks represents ownership of a company, that's where money is created and a company (its assets, intellectual property, etc.) is certainly worth something.

In some states, a type of joint ownership of property where a husband and wife are considered as one person, essentially providing an automatic right of survivorship.

A form of ownership in real property where the owners have title to only of an apartment or townhouse.

We sell heavy - duty equipment under a conditional sales contract where the customer receives possession of the property on December 1, 2007, but does not receive ownership of the property until full payment of the purchase price.

Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.

Much like deeded timeshares — where you pay to use a property for a certain number of weeks each year — a fractional ownership allows you to own part of the property with exclusive rights of usage for a certain number of weeks.

Tenancy in Common: A form of ownership where two or more people own a property and can have different shares of ownership.

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.

Cooperative (Co-op): A type of group ownership where all members own the community's living units and common areas by owning shares of the property.

Several advisors said they've seen instances where transitioning the ownership of the property created powerful rifts within the family.

Living in a very high cost area, where property values are stratospheric and home ownership continues to be out of reach, I've gotten to know many homeowners who are biding their time with regards to making a new home purchase.

«It does not matter where in the world your company is registered if you own property in London or sell things to government, as part of government procurement, then you have to declare the beneficial ownership, in other words the ultimate ownership of the company,» said Matthew Hancock, the UK's Cabinet Office Minister, according to the BBC.

The presumption of joint and equitable ownership can be rebutted by evidence that the parties did not at the time of purchase intend to own the property jointly in equity, or that the parties» intention as to beneficial ownership has changed over time (for example, where the parties did not share their financial resources).

LAWPRO has seen a number of claims where the lawyer did not get the consent of the spouse to change the ownership status or encumber the property with a mortgage.

Members of our team are regularly instructed in cases between unmarried couples concerning the ownership of property and other assets but also where children are involved and other remedies are required.

Where the mines and minerals are excepted from the ownership, the owner of the rights to mines and minerals does not necessarily have the right to enter, break or damage the surface of the land, in order to obtain the mines and minerals unless it is clearly stated on the title register of the property.

No, you need to use a Survivorship Deed to transfer rights of survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the other party.

Except in rare cases, such as where a party proves that they have an equitable or trust ownership interest in a particular piece of property, there is no sharing in the value of assets or in the debts or liabilities incurred by a party after V - Day.

In circumstances where the legal ownership of property is held jointly, the approach to quantification should be no stricter than when the property is held in someone's sole name.

For example, where a testator's adult children are expecting to share equally in the ownership and management of an income property — and the testator would prefer to leave that asset to just one of the children − the will can include an explanation of the testator's reasons: for example, that she thought it would be impractical for the children to make the necessary business decisions jointly.

We are also conceiving of a situation where individuals own all or part of their property and are using this ownership as collateral in order to borrow capital to fund a business venture and or build another home for example.

There are all sorts of situations where someone may share ownership in Florida real estate and there are lots of good reasons to own real estate jointly; however, when things go south, jointly owned property can be a tremendous headache for all of the parties involved.

Last Update: 10/28/17 There are all sorts of situations where someone may share ownership in Florida real estate and there are lots of good reasons to own real estate jointly; however, when things go south, jointly owned property can be a tremendous headache for all of the parties involved.

If taxes are being paid, and you know where that bill goes, you've got the address of someone that checks the mail that probably has an ownership interest in the building (IDK about you, but I don't like the idea of paying someone else's property tax bill...).

Fee simple: A form of property ownership where the owner has the right to use and dispose of property at will.

Centro owns its properties through a two - tiered ownership structure where Centro owns 50 percent of several diversified funds which in turn own 50 percent of ownership funds which in turn own underlying assets.

If NAR prides itself on promoting the sales and ownership of real property, I think this is where its priorities should currently be set.

When a property is recorded in the county record where they publically display ownership, usually there is a record of the sales (if up to date).

Somewhere between ownership of four small residential units where qualification is based on personal credit history, and ownership of large office buildings where loan qualification is based on the cash flow of the property, all real estate investors run into a financing problem.

Condominium A type of ownership in real property where all of the owners own the property, common areas and buildings together, with the exception of the interior of the unit to which they have title.

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.

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

Property titles are recorded at the Land Registry, which is good, but it does not necessarily include all land, particularly so in the more remote parts and where no transfers of ownership have happened in recent times.

It sounds to me like your plan is to protect her ownership of the property in case she gets sued for something unrelated to the house (e.g., a car wreck where someone gets hurt).

«We conducted a thorough selection and interview process to learn where the candidates stand on the issues, find out if they understand the economic importance of the real estate industry in Bozeman and surrounding areas, and ascertain which of them will support policies that promote economic growth, home ownership and private property rights,» said GAR President Jeff Renevier.

In countries with personal ownership of real property, civil law protects the status of real property in real - estate markets, where estate agents work in the market of buying and selling real estate.