Recent Answers to Property Deed Law Questions
How to get my home equity after foreclosure
Real Estate
Property Deed
Texas
My home got foreclosed for 120 thousand and it's worth 250 thousand
Jerome L.
If your Texas home sold for more than what you owed, you may be entitled to what is called surplus or excess funds. These funds are held by the county or trustee after foreclosure. To claim them, you must file a petition for release of surplus funds with proof of ownership and sale details. An attorney can help confirm eligibility and make sure you recover the full amount before others claim it.
How long is a quitclaim deed good for?
Real Estate
Property Deed
Texas
Not sure if I am asking the question the right way. We've been asked to file a quitclaim deed.
Melissa L.
A quit claim deed is like a warranty deed for a permanent transfer of ownership to a property after the applicable consideration of payment.
Does a quitclaim deed give you ownership?
Real Estate
Property Deed
Wyoming
I want to learn how these work. Can anyone explain?
Michael S.
Caveat- I'm a Pennsylvania lawyer. That being said, a quitclaim deed gives you the exact same rights as the party conveying title to you. So if there are liens against the property, for instance, those liens would remain after you take title. Preferably, you would have a title search performed and receive a warranty deed, which would protect you against claims against the property.
How much would be the attorney fees to add an owner on the grant deed of a primary residence in MA?
Real Estate
Property Deed
Massachusetts
The parent wanted to be part owner of the property with the current registered owner.
Richard G.
Without complications, attorneys fees relative to drafting a deed granting the property from one owner to another will cost roughly $500 - $750 in Massachusetts. Usually, these matters are relatively uncomplicated, however, at times they can be more complex. The attorney should take some time with you to understand the details of your situation so as to ensure that the deed is drafted according to your needs.
What happens when a mortgaged house was built on the wrong land?
Real Estate
Property Deed
Georgia
We have 4 total lots, two in my fathers name and the other two in my grandfather’s name. The builder built my fathers house on my grandfather’s land. I wasn’t aware of this years ago until My father passed away. Who or How do we fix this problem?
Meghan T.
Hello. There are multiple solutions to this problem. The simplest solution would be for your grandfather (or whoever the current owner is) to deed the property over to your father's heirs. They could also switch parcels of land. Depending on how long ago the home was built, the owner of the house could potentially have a right to the property via an adverse possession. Feel free to contact me to discuss this matter in more detail. - Meghan Thomas, Esq.
We want to transfer land to our children but we want to still get the income and pay taxes until we die what kind of deed is this
Real Estate
Property Deed
South Dakota
We have three children the attorney made it a warranty deed to transfer our land to them but we still want to have the rent and pay the taxes what kind of deed should this be
T. Phillip B.
Depending on the land and business, I'd consider making an LLC for asset protection reasons. Then you could have a trust as the member. If you need to get the property out of your estate, this will dictate what to do with the trust.