In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.
A mortgage is a loan secured by real property.A legal charge in some jurisdictions is the right a lender has to take that property if the loan is not paid back.
An heir.
If you check the note and mortgage you signed you will find some type of clause that says the mortgage will become due in full upon any transfer of the property. You would find yourself in legal trouble with the bank and with the buyer. You should do it the right way.
The ONLY reason a person would request that you not be on the deed and mortgage would be to INSURE that you would have no legal right to the property. If he expects you to help pay the mortgage you would be paying for property you do not own. You and your boyfriend are not buying a house. Your boyfriend is buying a house and he wants you to help him pay for it. You would be entitled to nothing when the property is sold.
A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.
If the person is unable to pay, the bank can foreclose.
If someone was able to obtain a mortgage on your property and they don't own it then the lender is out of luck if the person doesn't pay the mortgage. The bank has no legal claim to your property in the case of a default if you, the owner, didn't sign the note and mortgage. You should get a copy of the first page of the mortgage and your deed and bring/send it to the lender with a copy to the local district attorney's office and the state attorney general office consumer division in your state. The act constitutes fraud. The last few years have witnessed tremendous negligence on the part of lenders to dedicate funds to a professional title examination at the time of the mortgage. Many such errors have been discovered.
It means an interest or right in a property created in favour of a lender of money as security for payment of a money loaned. It's accorded the status of a mortgage.
The mortgage is the document that says the loan is secured by the property and if not paid the bank has the right to take the property.
Yes. Every grantee on a deed owns an undivided interest in the property. That means they each have the right to the use and possession of the property.
In a mortgage by demise, the mortgagee (the lender) becomes the owner of the mortgaged property until the loan is repaid or other mortgage obligation fulfilled in full, a process known as "redemption". In a mortgage by legal charge or technically "a charge by deed expressed to be by way of legal mortgage", the debtor remains the legal owner of the property, but the creditor gains sufficient rights over it to enable them to enforce their security, such as a right to take possession of the property or sell it. In an equitable mortgage the lender is secured by taking possession of all the original title documents of the property and by borrower's signing a Memorandum of Deposit of Title Deed. This document is an undertaking by the borrower that he/she has deposited the title documents with the bank with his/her own wish and will, in order to secure the financing obtained from the bank.