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What happens upon death of owner of mortgaged property placed in living trust?
Wiki User
∙ 14y ago
I think the key word here is "LIVING" trust. Once a person passes away so does the trust...the Will should determine what is to be done with the property. If no Will is in place..his or her heirs will have to battle it out. Seek advice from an attorney.
Wiki User
∙ 14y ago
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Can a judgment lien be placed on a property mortgaged by USDA-Rd?
A lien can be placed on any property, regardless of who holds the mortgage. In most cases the mortgage holder will be paid before a secondary lien holder.
Can a mortgaged property be placed in trust?
No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.
If you are a title holder of real property but are not on the mortgage loan and or mortgage note of that property can a lien be placed against the real property if you file bankruptcy?
This would be a most uncommon situation...you own the proerty but other people have it mortgaged? Your bankruptcy effects everything you own, not just what you may owe on. Your ownership of this property is included.
What will happen to mortgaged property placed in trust?
The property will transfer subject to the mortgage. If the mortgage isn't paid the bank will take possession of the property by foreclosure. However, please note that most mortgage documents contain a 'balance due on transfer clause". That means if the title to the property is transferred the bank can demand full payment of the mortgage. You should consult with your bank before making this transfer.
What happens if you never paying credit card debt?
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
When can a sold sign be placed on a property?
when the property is sold of course.
Why are premiums placed on new build property?
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What happens when a lien is placed on the property that you own for failure to pay township taxes?
Generally, real estate taxes take priority over any other liens. If you don't pay your taxes, the government can take possession of your property and sell it.
What happens if a person dies leaving credit card debts and they have placed all their property into a non-revokeable trust?
The Trustee of the Trust is responsible for paying the debt out of the trust funds.
Can a medical collection agency put a lien on your house?
Yes. If it sues you in court and wins a judgment it can request a judgment lien and record that in the land records. Your house cannot be mortgaged or sold until the lien is paid.Yes. If it sues you in court and wins a judgment it can request a judgment lien and record that in the land records. Your house cannot be mortgaged or sold until the lien is paid.Yes. If it sues you in court and wins a judgment it can request a judgment lien and record that in the land records. Your house cannot be mortgaged or sold until the lien is paid.Yes. If it sues you in court and wins a judgment it can request a judgment lien and record that in the land records. Your house cannot be mortgaged or sold until the lien is paid.
When fighting property in a divorce and you have tenants living in the property who receives the rent money?
As in many disputes, the rent money should be placed in "escrow" having the condition that the accrued amount will be distributed according to the terms ultimately determined in a future settlement or court order.
Where should an adt sign be placed?
The sign should be placed in the front of the property where it can be easily viewed by anyone approaching the property so any would be criminals can see you are protected.
