What type of deed are you likely to receive if you purchase a property with cash at a foreclosure auction from a mortgage lender? You are likely to receive a trustee's deed from purchasing the property at a foreclosure auction from a mortgage lender.
What type of financing can be used for a purchase, or a significant remodel or improvement, including building on vacant land? Acquisition. This is known as acquisition financing.
The deed will take precedence over the owner's will or trust, which many people may not understand or want. Also, the property transferred is subject to the debts of the deceased person, including credit cards, taxes and Medi-Cal claims.
Which term is defined as someone claiming property of another simply by using it for an extended period of time? Adverse Possession. What is the process used to sell a foreclosure home in California called?
What's a special assessment? A levy local government applies to individual parcels of real estate that will benefit from road or other infrastructure improvements (A special assessment is a levy the local government applies to individual parcels of real estate that will benefit from a public improvement.)
If a bank account has no joint owner or designated beneficiary, it will likely have to go through probate. The account funds will then be distributed—after all creditors of the estate are paid off—according to the terms of the will.
What are a child's inheritance rights? There is a common misconception that, as a child, you are automatically entitled to receive something from your parents' estates. In fact, there is no legal obligation on a parent to provide for their child, or children, after they die and when they are making a will.Oct 21, 2021
It is a common misconception that an executor can not be a beneficiary of a will. An executor can be a beneficiary but it is important to ensure that he/she does not witness your will otherwise he/she will not be entitled to receive his/her legacy under the terms of the will.
DEEDS IN GENERAL When properly executed, delivered and accepted, a deed transfers title to real property from one person (the grantor) to another person (the grantee). Transfer may be voluntary, or involuntary by act of law, such as a foreclosure sale.
Possession must be visible and obvious so that if an owner made a reasonable inspection of the land he would become aware of the adverse claim. The true owner must be able to discover the trespass and take appropriate action.
There are several ways your real property can be involuntarily transferred from you, that is, without your consent and agreement. These include condemnation or eminent domain, foreclosure, adverse possession, or partition.
Already a progressive hero for a landmark Supreme Court victory for same-sex couples, New York lawyer Roberta Kaplan only cemented that reputation in recent years with lawsuits against White supremacists and Donald Trump.
Kaplan ’s representation of physician Esther Choo, a friend and fellow Time’s Up activist, has also drawn criticism. Though not a defendant, Choo was described in a February sexual harassment suit against a former colleague at Oregon Health and Sciences University as discouraging the victim from coming forward. Kaplan vigorously defended Choo in an interview, saying she relied on the victim’s statement that she would handle the matter herself.