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What happens to property when all persons listed on a survivor ship deed have died?
Wiki User
∙ 13y ago
The last surviving owner would have owned the property at death and it would pass to her/his heirs according to their will or the laws of intestacy if they had no will. Their estate would need to be probated in order for title to pass to their heirs legally.
Wiki User
∙ 13y ago
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What does tenants by the entireties mean?
It means that the two people on the deed are married. The survivor of the two will inherit the property on the death of the other. In some states, it is required that married couples be listed this way on real property.
Where will refinanced rental property be listed?
Refinancing rental property can be hard to do because banks do not like to do it unless the loan-to-value ratio is low. Refinanced rental property will be listed in the same place that retail property that has not been refinanced is listed.
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What happens to a house when the only person listed on the deed dies and has two sons?
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Then only the debtor's interest in the property is considered part of the BK estate. For example, if 2 people own the property, then 50% of the property is included in the BK. If there is enough equity, the Trustee may order the sale of the property in order to pay back creditors.
What are the seven main divisions of the law listed in West's Outline of the Law?
The divisions are as follows: 1. Persons 2. Property 3. Contracts 4. Torts 5. Crimes 6. Remedies 7. Government
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Nothing happens
How do you find property span numbers for real estate in Vermont?
It is listed on the property tax bill.
What happens if a spouse dies and the survivor was not aware of credit card debt and the credit card companies say the accounts were joint?
If you were listed on the account, you probably don't have to be aware of the debt. You are well within your rights to ask them for a copy of the agreement and application showing your name and signature.
