A title is a document that proves that you own property such as a home or a car. When you have a car loan your lender will usually have the title until you pay off the loan. When you buy a home you’ll buy title insurance to make sure your home’s title is clear and there are no liens on it. The title insurance company will run a title search to find out. Learn about how to make changes to a title here as well.
Financing A Mortgage On An Investment Property Without U.S. Citizenship
Financing a mortgage for an investment property where one of the owners is not a U.S. citizen can be tricky. Most mortgage lenders are reluctant to finance a mortgage on an investment property to an immigrant who does not have a long-term visa or has become a resident of the United States. Ilyce and Sam help this reader figure out the best way to finance a mortgage on an investment property where his potential co-owner does not have U.S. citizenship.
Straighten Out Home Ownership For Children
A man wants to leave home for his disabled son and grandson, but there are six people on the home's title. An estate planning attorney will be able to help sort out the title and other assets the man hopes to leave for his family. An estate plan will assure the man's assets are left to his son and grandson as he planned.
How To Remove A Mortgage Lien From A Title
A homeowner paid off her home mortgage but doesn't know if a lien was removed from the title. Once the lender receives payment, it then needs to prepare a release deed or release of lien to clear the title to the property. Unfortunately, some lenders have become overwhelmed by the refinance boom and have failed to keep up with the documentation of release deeds or release of lien letters.
What Can Go Wrong At A Refinance Closing
Avoid problems with refinancing: Be organized, plan out the money, change your homeowner's insurance, arrange for new conditions and title.
Back Taxes Owed On Foreclosed Property
After purchasing a property in foreclosure, you could receive a notice for back taxes. Make sure you get the title commitment and owner's title insurance at the time of purchase. Even though it is a foreclosure property, you need to make sure all title problems and tax issues are resolved.
Pay Off Mortgage, Hold Title In Only Your Name
How can you get the name of a fellow home investor off a deed after you pay off the mortgage to a home? You may initially need a partner to buy a home, but what can you do if you pay off the mortgage and your partner disappears? You likely want the home's title to list only your name when you pay off the mortgage. To change this you'll need to go to court and file a partition lawsuit with the help of a knowledgeable attorney.
Adding Life Partner to Home’s Deed
A couple is concerned about how to protect their investment in a home that both partners pay expenses for but only one partner is on the title. It's a simple process to add a name to a title, but there are more complex issues of a domestic partnership agreement. A domestic partnership agreement would detail how both people hold the title to the home.