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2 January 2014 | 18 replies
So the suggestion of not recording the conveyance of the real property can undermine the counties collection of taxes on the sale and taxes on the instrument not to mention any increase property taxation that would occur.
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1 January 2014 | 8 replies
As to the original post (OP), suggest you reverse engineer a few properties to see the sequence of acquisition of title, encumbrance by trust deed or mortgage, trustees deed upon sale or court order, etc.Right off the bat you'll see that there's a difference with trust vestings used to identify the beneficial interest of a securitized mortgage, as opposed to an estate planning instrument or investor using a title holding trust.
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22 December 2013 | 5 replies
Also the #46 on the prelim exclusion saying : """any invalidity or defect in the title of the vestees in the event that the trust refereed to herein is invalid or fails to grant sufficient powers to the trustee(s) or i the even there is a lack of compliance with the terms and provisions of the trust instrument.
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31 January 2014 | 3 replies
Every note is different, but it is a negotiable instrument.
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22 January 2014 | 36 replies
You will get the deed showing ownership a few weeks after closing but it will have a notation of the financing instrument and where that is recorded (book and page).When you pay off the loan, you will get the original note with the release signed and notarized and a few weeks later you will get the original copy of the release the lender will file with county releasing the lien.
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18 January 2014 | 1 reply
This instrument shall become effective as a contract and binding when signed by both Landlord/Seller and Tenant/Buyer.(14)SPECIAL PROVISIONS:(A)The Landlord/Seller will complete the following by:__________ [Day] _______________________ [Month] ____________ [Year] or this Lease/Option agreement will become null and void and all monies disbursed by Tenant/Buyer will be immediately refunded by Landlord/Seller or at Tenant/Buyer option, these items will be completed by Tenant/Buyer and the cost of the same will be recovered as provided for in paragraph (12) in which case this Lease/Option will continue in force.
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4 January 2017 | 29 replies
The disclosure statute, effective for instruments executed on or after August 1, 2013 and modeled in part on the condominium/townhome disclosure statute, requires a “multiple seller” of residential real estate selling on a contract for deed to provide certain statutorily mandated disclosures.
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2 July 2014 | 7 replies
I'm currently out of the country on business and my realtor is also on vacation… The location is very specific to my desires and lots that will suit my intentions to build in South Florida are few and far between in my price range/specific location.I'd like to make an offer on the property ASAP but being that it is a new construction/spec build, there are A LOT of issues that could come up that could derail this project and leave me holding a vacant lot unsuitable to my needs.
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3 July 2014 | 6 replies
In reverse order:3 - Clouds on title - Moot issue for a properly recorded instrument since the issue will have superior lien status.
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2 July 2014 | 6 replies
Not out of line with what we would expect for Seller Financing, but I am guessing the security instrument here is probably not correctly completed.