what does LE mean after your name as property owner

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Post Posted: Thu May 21, 2009 7:31 pm    Post subject: what does LE mean after your name as property owner
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what does LE mean after your name on your deed
Icon Mini Profile savior70





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Post Posted: Fri May 22, 2009 3:01 am    Post subject:
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Hi

An LE after the name of the owner on the deed refers to the life estate clause on the deed. This means that although the owner has transferred the ownership to someone else through the deed, he/she still retains the right to stay in the property till his/her death. This also implies that the grantee(s) cannot ask the grantor to vacate the property or cannot sell it off as long as the grantor is alive.
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Post Posted: Sat May 23, 2009 10:01 am    Post subject: life estate clause
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Hi savior70,
Am a bit confused, perhaps you can help, Ihope! If the "owner" is the grantee, and the "former owner" the grantor, following your above explaination, it would be the grantor who had the "L/E" after their name, andthe grantee would not be able to sell the property or otherwise ask the grantor to vacate.

So why would the grantee have the "L/E" after their name?


Thanks!
Dee

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Post Posted: Thu Mar 31, 2011 5:13 am    Post subject:
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What does l/e etal mean after your name on deed?
Icon Mini Profile jameshogg
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Post Posted: Thu Mar 31, 2011 10:58 pm    Post subject:
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Hi Dee,

This is something which your real estate attorney will be able to answer better. You should show the property deed to him and he will guide you further in this regard.

Thanks
grace cooper

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Post Posted: Sun Oct 09, 2011 11:10 am    Post subject: property deed
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do both parties required to sign on the sale of property if the grantor has le to the grantee
Icon Mini Profile jameshogg
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Post Posted: Sun Oct 09, 2011 9:45 pm    Post subject:
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Hi grace,

As far as I know it is must for the grantor to sign the property deed. However, in some states, it is required that the grantee should also sign the deed.

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t9leman

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Post Posted: Mon Dec 10, 2012 10:26 am    Post subject: l/e
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When the owner dies does the home still go thru probate? Does the L/E owner asume all if any debt left after the owner dies? We live in Florida.
Icon Mini Profile smithsussane
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Post Posted: Mon Dec 10, 2012 11:06 pm    Post subject:
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Hi leman!

Welcome to forums!

If there is a will, then after the death of the owner, it has to go through a probate. After the death of the owner of the property, the estate will pay off the debt. However, if there is a co-owner, then it becomes the responsibility of the co-owner to pay off the debt.

Feel free to ask if you've further queries.

Sussane
Rose

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Post Posted: Mon Apr 29, 2013 7:10 am    Post subject: What does EST mean after the owners name on property apprais
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What does the Est after the owners name on property appraiser mean ?
Icon Mini Profile smithsussane
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Post Posted: Mon Apr 29, 2013 11:08 pm    Post subject:
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Hi Rose!

Welcome to the forums!

I guess "Est" in your case means "Established". You can contact your property appraiser and he can better clarify the matter.

Feel free to ask if you've further queries.

Sussane
preachermann

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Post Posted: Tue Jun 04, 2013 4:46 pm    Post subject: Quit claim deed
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If there are two grantors on a deed. Does both grantors have to sign another quit claim deed to add someone else.
Icon Mini Profile jameshogg
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Post Posted: Tue Jun 04, 2013 9:15 pm    Post subject:
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Hi preachermann,

Yes, both the people have to sign the deed in order to add a third person to the property.

Thanks
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