Yes, property held in a Revocable Living Trust can qualify for the Florida homestead exemption as long as the requirements for the homestead exemption are met, such as using the property as a primary residence and meeting other criteria set by Florida law.
If your husband's deceased former partner's name is still on the deed, it may complicate ownership of the property. It's important to review the legal status of the property, consult with a real estate attorney, and proceed according to the laws and guidelines in your jurisdiction to ensure proper ownership rights.
Title abstractors research historical documents to trace the ownership of a property back to its origin. They provide a summary of the property's legal history, including any liens, encumbrances, or restrictions that may affect its ownership. This information is crucial for real estate transactions to ensure a clear title transfer.
If multiple parties have broken a covenant in a subdivision and it is not being enforced, the covenant may still technically be binding. However, the lack of enforcement could weaken its validity or practical application. It would be advisable to consult a legal professional to determine the ramifications of the broken covenant.
If the middle name was incorrect on the transfer of property but has since been corrected through probate, there should not be an issue now that the property is in your name. As long as the correction is reflected in the legal documents transferring ownership, your ownership should be valid. It's always a good idea to keep copies of all relevant documents for reference.
Yes, you can auction your own home if you meet the legal requirements in your area and work with a licensed auctioneer. Auctioning your home can be a way to potentially sell it quickly and set a specific timeline for the sale process.
The cost of obtaining a lien depends largely on the type of propery, the type of debt, whether you obtained a security agreement and whether the law grants you any special status to file a lien without going to court like a mechanic's lien. If you are a secured lender, you already have a lien. If you have special status like a contractor, you may be able to record a lien for a small fee or assert a lien by keeping property already in your possession. If you are unsecured, you may need to file a lawsuit and get a judgment lien after you win the case. The actual cost could range from a few dollars to hundreds or thousands of dollars if you have to sue in court first.
There is no stigma for modular homes that I know of,but a lot of people are miss informed about modular construction. Most people are confusing mobile homes with modular homes and there is a stigma about mobile homes and mobile home parks. Another confusing part is the term that is used to describe mobile homes. The term "Manufactured Housing" has been adapted by the mobile home industry to alleviate the stigma of mobile homes. Of course uninformed people bundle modular homes in this mix since modular homes are constructed in a manufacturing facility and are transported, but that is where the similarity if any ends.
Yes, it is possible for a child to be named as the trustee of an irrevocable trust, although it may not be recommended in all situations. The suitability of naming a child as trustee depends on various factors such as their age, level of responsibility, and ability to handle financial matters effectively. It is advisable to seek guidance from an attorney or financial advisor when deciding on the trustee for an irrevocable trust.
Yes, you can record a certified copy of a deed from a different state and county in a new state and county. However, the rules and procedures for recording may vary between jurisdictions, so it is important to familiarize yourself with the specific requirements and fees of the new state and county where you intend to record the deed.
Some beach property owners might oppose the building of jetties because they can alter natural coastal processes and disrupt the natural movement of sand along the beach. This can lead to accelerated erosion in some areas and increased deposition in others, potentially affecting the overall health and stability of the beach. Additionally, jetties can alter wave patterns and currents, which can impact the recreational value and aesthetic appeal of the beach.
If a person receiving SSI (Supplemental Security Income) is deeded a property and occupies it, this may potentially affect their SSI benefits. SSI has strict rules regarding countable assets, and the value of the property may be considered an asset that affects their eligibility and benefit amount. It is best to consult with a knowledgeable professional or the Social Security Administration for specific advice based on individual circumstances.
No, the right of survivorship typically applies to property held in joint tenancy or tenancy by the entirety, and it allows the interest of a deceased co-owner to automatically pass to the surviving co-owner(s). Without a will, the deceased co-owner's interest would generally be subject to the laws of intestate succession, which determine how the property will be distributed among the heirs.
Typically, the person who has ownership of the property is responsible for paying the taxes. In this case, if the property was given to someone and the previous owner has a life use, the new owner would generally be responsible for paying the taxes on the property. However, it is always recommended to consult with a legal professional or tax advisor for specific situations and jurisdictions.
No, a married couple cannot quitclaim property to one another, as they both have an existing legal interest in the property as spouses. However, they can transfer their interest in the property to a third party through a quitclaim deed. Alternatively, they may consider other types of property transfers, such as a warranty deed or a marital property agreement. Consulting with a lawyer is advisable for guidance in specific cases.
A quiet title suit can be used to resolve disputes regarding ownership or to clarify title issues. However, it cannot be used to extinguish the interests of verifiable owners who are unwilling to sell or sign documents. In such cases, other legal remedies may be available, such as a partition action or negotiation for a voluntary sale.
No, the Pratt family does not own Bora Bora Island. Bora Bora is a part of French Polynesia and is owned by the French government. It is a popular tourist destination known for its stunning scenery and luxury resorts.
A certificate of occupancy is issued by the local government or building department to confirm that a building or structure meets all necessary building codes and regulations and is safe to be occupied. It is required before a building or residence can be used for its intended purpose.
On the other hand, a certificate of title is a legal document that proves ownership of a property or asset. It confirms that the person or entity named on the certificate has the right to possess, use, and dispose of the property. A certificate of title provides information about any liens, encumbrances, or restrictions on the property.
A quiet title action is a type of lawsuit filed to establish ownership and clear any competing claims or "clouds" on a property's title. The cost of filing a quiet title action can vary depending on the jurisdiction and complexity of the case. Generally, filing fees and attorney fees can range from a few hundred to several thousand dollars. It is advisable to consult with an attorney to get an accurate estimate of the cost specific to your situation.
The rights that a live-in boyfriend has to your property may vary depending on the laws of your jurisdiction. In general, if the property is solely owned by you and your boyfriend is not on the title or deed, he may not have legal rights to the property. However, some jurisdictions recognize certain rights for long-term cohabitating partners, so it's advisable to consult with a legal professional familiar with the laws in your area for specific advice.
American Fur Company and investments in New York City real estate. He became one of the wealthiest individuals in the United States during the early 19th century. Astor's fortune also grew from his involvement in the fur trade and his investments in various industries, including shipping and banking.
If he is not the owner of the property he is committing a fraudulent act. He is acting to deceive the other party. He would be forging his father's name and concealing the fact of his death. In fact, he would be creating a cloud on the title to the property that would be quite easy to detect and expensive to fix. If he uses the deception to obtain money, think very serious criminal charges.
Yes, it is generally recommended for townhouse owners to have home insurance. While the specific responsibility for damage from a leak can vary based on the terms of the homeowners association or any shared walls agreement, having insurance can help protect both the owner and neighbors in the event of unexpected damages and liability. It is always best to consult with an insurance professional for personalized advice.