Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”
Katherine Lewis
Success w/Marketing to Special Occasion Groups?
13 January 2025 | 5 replies
You could certainly reach this demographic, but it could also cost you substantially more than the return.For the money, your best bet is probably a dedicated website for your property with the key words that you want to convey.
Kyle Carter
Negotiating Favorable Terms
12 January 2025 | 2 replies
This conveys confidence and ensures you don’t end up overpaying or taking on unfavorable terms.Negotiate More Than Just PricePrice isn’t the only factor in a deal—other terms can often be just as valuable.
John Gillick
1031 leverage question on partial sale
13 January 2025 | 9 replies
Your assumption makes sense to me as what was trying to be conveyed.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
For example according to this, it seems that transferring the title is not required for the DOS to be triggered:http://law.justia.com/cfr/title12/12-5.0.1.1.54.0.83.2.htmlFrom the bank definition of sale or transfer: "For purposes of this definition, a sale or transfer means the conveyance of real property of any right, title or interest therein, whether legal or equitable, whether voluntary or involuntary, by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three years, lease-option contract or any other method of conveyance of real property interests."
Chris Seveney
Getting A Deed In Lieu at closing to store away
27 December 2024 | 20 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
Dina Schmid
Misreprentation (or error?) of Lot Size, City and Zipcode on MLS
28 December 2024 | 11 replies
If the contract shows the correct legal description but also shows seller is conveying 2.11 acres, and that has not been amended, I think you have a reasonable argument.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
It speaks to "nothing special here", that's what it conveys.
Taylor Kendrick
A question about "appurtenances"
13 December 2024 | 5 replies
Should that property be sold again in the future, the property owner would convey all rights to the buyer EXCEPT the oil rights that were no longer the landowner's to sell.
David N.
Ski photos for my STR
10 December 2024 | 7 replies
Those will convey the idea you are trying to show.I wouldn't rule out the family pics.