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.
Brother Might Be Involved In Mortgage Rescue Fraud
Some companies claim that if a homeowner is facing trouble with their mortgage loan, the homeowner can transfer title to the home to the company and when they get back on their feet, the company will, for a small fee, transfer the title back to them. There's a common name for this scam: It's called "mortgage rescue fraud."
Property Transfers Into Revocable Living Trust
If you want to transfer property in to a revocable living trust - can you do so without a lawyer? Because it can be a complicated process and an error with the title could cause future problems, you should pay an attorney to do it. Or you can go to a title company for help.
Adding Name to House Deed Without Consent
To transfer a deed to a home, the persons involved must consent. If a person wants to give a gift of real estate, they can purchase the property and deed it to someone else. But putting someone on a deed will not be sufficient to transfer title of the property to the recipient.
Divorce Attorney Can Help with Home Sale
When a divorce involves citizens from two different countries, the U.S. courts may favor the American. Nevertheless, the other spouse should still hire a divorce attorney to ensure that his or her interests are addressed in divorce court. Even if the American spouse threatens to take ownership of their joint property, the other spouse is not without options. He or she can hire a divorce attorney to ensure that the divorce settlement is fair.
Divorce, Fraud and Home Sale
When you get divorced you may have to sell your home. Depending on how the home was owned each spouse should receive a fair share of the home sale profits. If during the sale, your former spouse forges your signature on the home sale documents, it may be considered fraud. It's critical that you meet with a divorce attorney to understand your rights and ensure that you get the money that's due to you and the money from the home sale is handled correctly for taxes.
Name On House Title But Not Mortgage
A divorced man still has his name on the title of a home with his ex-wife who now can't afford the mortgage. While he's not liable for the financial end, if the bank forecloses on the home and sells it at a discount, his equity could disappear. If the man can afford the mortgage, he might want to step in to save his interest in the home.
Selling A Home After Quit Claim Deed
When you receive a home via a quit claim deed you can sell that home as you would any other home. Note that you'll sell the home at the same cost basis that the original owner bought the home for. Learn how quit claim deeds work compared with warranty deeds.
Lender Leaves Mortgage With Title Company
A mortgage lender backs out of a deal leaving the title company to pay off the seller. The title company closed the transaction after the lender failed to properly fund the closing. Now instead of paying a lender, the title company expects payments.
Attorney Can Help With Title Problems
A property deed may list several people as co-owners. What can you do if some of your co-owners want you to leave the property after someone passes away? This involves not only real estate title issues but also estate planning concerns. Contact a real estate attorney for help.
Title Proves Home Ownership
Unlike for cars, states do not issues titles for property. The title you received when you bought your home proves that you own it, no matter whether it's a warranty deed, special warranty deed, trustee's deed or quit claim deed. When you pay off your mortgage you own your home in full and your lender removes its lien on your property.