 When you buy a house does that include the land? |
I want to buy a house and im a newbie , but i heared so many different things. Do I have to pay for the land separate or is that included with the house and the price? thanks so much.
A... |
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 My landlord is breaking the lease saying he and his wife are splitting up and he needs to move in. Help!? |
| He is a firefighter and owns other rental properties and is telling me and my fiance that he and his wife of 27 years are splitting up and he needs to move back into the house that he rented us. We ... |
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 Is it legal for my apartment manager to charge a $300 pet deposit per pet? |
| I've been living in my apartment for 5 months and included every pet we have on our rental application (4 small birds, small dog), we have already paid the so called "$300 pet deposit".... |
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 Can you be sued for rent if you never signed a lease? |
| I started renting in april and was paying 325 a month in cash to someone i knew on a personal level. I never signed a lease and continued paying my rent as usual each month with cash. Well in July ... |
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 Trying to get a home loan? |
| Me and my fiance are trying to buy a house. We are young ( both 22) and dont have a great credit history (scores about 600 a peice) But we have great jobs and plenty of income. We keep getting denied ... |
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 Seller left the house dirty? |
| I closed my house last week.. my agent told me that the seller needs 2 extra days to clean up the place.. i gave them 2 days after I closed the house.. and they agreed to pay the taxes and HOD for ... |
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 When will 100% mortgages return? |
| I can finally afford to get a good mortgage but cant afford the deposit.... |
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 Tenant is 2 weeks late on rent for the last few months. Evict? |
| I have a relatively new tenant. Out of the 5 months he has been here, 4 of them he paid 2-3 weeks late. What should I do? Should I file an eviction notice and get an attorney? Please help. T... |
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 Is it creepy to move into a house were someone just died ? |
| My nieghbor died a couple of weeks ago in his kitchen. His place is above mine and the landlord offered it to me at the same rent I am paying now. It has an extra room and is alot bigger than my ... |
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 Can my landlord show my house and bring people in without my consent? |
| he has done this without telling me and has added a lock box to the front door so realators can come and go.... |
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 Can they sue my friend? |
| She just moved outa her apt and shes a "party girl" so naturally there are stains on the carpet dents in a couple walls, scratches on the cabinets from her cat, paint chipped in someplaces,... |
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 Can my Landlord Evict me? |
| Well My landlord is trying to evict me. I refuse to pay the rent until he fixes the roof on my house. When I moved in there were some things that needed to be fixed. But I told him its ok he can fix ... |
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 Can a landlord refuse to let me put up pictures? |
My contract says I must not affix anything to the interior or exterior of the house. I have just asked to clarify if this means my pictures, mirror in the bathroom etc
He has said I am not ... |
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 My roommate has stopped paying her rent but refuses to leave what can I do? |
| She doesn't pay rent, pay utilities, or buy groceries and refuses to move out so I can move in someone else who is willing to take her place. She says I can't force her to leave, but we ... |
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yalittle2000 | When does Real Estate legally change hands? Signing of closing documents, or recording of deed? |
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jannie
 |
that's a good question but I'm sure your mortgage lawyer will send those documents to the registry of deeds the same or very next day so there would only be a day or two involved |
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jackie_msjp
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AFTER THE COSING OF DOCUMENTS |
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ladybugbf28
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at the closing, when the documents are signed. the recording of the deed doesn't happen for a few weeks. |
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Kristin G
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Recording of the Deed. |
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chocoholic8640
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Recording of deed. |
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Mr Monopoly
 |
Closing... |
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Euphrades
 |
recording of the deed |
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casey_leftwich
 |
Officially - at closing. Legally - at deed recording. Before the deed is recorded, there's no public record of the property exchange. |
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georgie g
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i believe it's the closing of documents. The documentation of "deeds" is just a step towards the "deal" to officially open until all paperwork in concluded, then it has officially changed hands. |
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briang731/ bvincent
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The deal is legal and binding, once the contract is signed. The recording of the deed, simply puts the transaction into the archives as public record. |
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Katetrinity
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At the closing when the papers are signed. It is all over at that moment. |
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the Reverend Kate
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Real Eatate is legally changed by recording of a deed. |
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bestguessing
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When the papers are signed at closing you are the legal owner of the property. The seller can't come back and say it's his property, because he's been paid and you've got proof. To protect you, the attorney who handled the closing should record the deed immediately. If he doesn't, the seller could hypothetically resell the house to someone else assuming the second purchaser (called a bona fide purchaser for value without previous knowledge) did not know or have reason to know the property has been sold to someone else. The seller would be civilly (and possibly criminally, depoending on your state's law) liable for fraud if this occurred. Recording the deed simply puts everyone else on notice that you are the rightful owner of the property. |
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realestatelawyer
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Title to the property legally changes hand when a deed is given from the seller to the buyer. However the quality of that title is not good, marketable or insurable until that deed is recorded. So the buyer is the owner when they receive the deed but that ownership interest cannot be insured and cannot be considered as "clear" until the deed is recorded. |
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soozemusic
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At the closing.
But to turn around and sell your new property then, you will need that deed recorded! |
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satarnag
 |
The real answer is when the deed is drawn up, signed by grantor (seller) and acknowledged and accepted by the buyer. Real estate is legally transfered at that point. That being said, let's say the seller gave me and you, at different times (maybe within a few hours), a deed to his property. The person who records the deed first will usually win in court during a dispute because recording the deed is an assumption of acknowledgement. It's almost always to your advantage to record any deed or contract to purchase to protect your interest in the property.
Real world example: Lets say Person A has a loan with a lender that has a "due on sale" clause which means that the loan is due in full should title change hands. Let's also say Person A can't afford his mortgage payments. So person B comes into the picture and takes deed to the property from Person A "subject to any existing loans" which means that Person B will pay the loan but Person A is still responsible for the debt. Person B doesn't record the deed because the lender will demand that the entire mortgage be paid or they will foreclose on the property. Does person B legally own the property? The answer is yes. He then sells the property to Person C at a later time and Person C will get a new loan to pay off the original loan. Person B just made money without putting any money out of his pocket and without his own credit.
Regards |
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martha t
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Recording of deed |
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