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linda
Guest
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Post subject: land for collateral |
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| myself and a partner bought land together. the land is paid off and my partner wants 6.000. for his part of the land. how can i borrow the money to pay him and use the land as collateral? the land is valued at 32,000. |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.11 Dollars($)
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Post subject: |
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Hi linda
You can contact lenders who are offering land loans. However, the criteria for getting land loans are more or less similar. You should have a credit score of 720-740 in order to get a conventional loan. As far as the FHA loans are concerned, a minimum of 620 credit score is required. Apart from this, you should also have a stable income and should be able to give a downpayment.
Take care. |
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Bob Peterson
Guest
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Post subject: warranty deed & deed of trust-- |
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I own a house outright and want to sell it to my daughter & her husband.
I have a warranty deed and deed of trust. My bank would not notarize the
documents, do I have to go to tittle company and pay the price just to finish the sale?
Richardson, Texas |
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Marie
Guest
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Post subject: Separated but not yet divorced |
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| My husband and I are separated. We would like to transfer the ownership of the home to me. There is still a mortgage on the home that is in both of our names. We plan to divorce but not until some time in the future. How would we go about getting the home solely in my name as well as the mortgage in my name? We would like to do this now because we may continue to be separated for a while before we divorce. |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Post subject: |
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To Bob,
You can sell off the property to your daughter and her husband by signing a warranty deed or a grant deed. You may mention the sale price of the property in the deed and get it notarized and recorded at the county recorder's office.
To Marie,
Your husband will have to sign a quitclaim deed and transfer the property to you. Then you can refinance and transfer the mortgage in your name.
_________________
Good is the Enemy of Great. |
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agueda63@aol.com
Guest
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Post subject: |
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| The house is paid for but remains under my spouse and my name. If I pay my husband the 1/2 of the cost of the house what kind of deed do I needfor the house to be legally mine? I am assuming that if he agrees on sale price ... is it possible for me to just fill out a simple deed form without resorting to a lawyer? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Post subject: |
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Hi agueda!
Welcome to forums!
As the property is free and clear, you can ask your husband to sign a warranty deed or a grant deed and transfer the property to you. Your husband can fill out the deed himself but in case of any doubts, you can take an attorney's help.
Feel free to ask if you've further queries.
Sussane |
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TM
Guest
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Post subject: general warranty gift deed |
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My mom transfered a property to me as a gift. Will this affect her benefits with medicaid? Is there a penalty?
Thank you. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Post subject: |
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Hi TM!
Welcome to forums!
Your mother will have to pay gift taxes because she has transferred the property to you as a gift. As far as medicaid is concerned, there is a waiting period of 5 years. Your mother will not be able to claim the benefits of medicaid for the next 5 years.
Sussane |
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Hello all
Guest
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Post subject: House deed |
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| My mother just passed no more than a month ago. I dont knw any thing about tranfering the house. There are three other children but they dont want any parts of the house. so what do i do and how. |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi Guest,
As your other siblings are not interested in the property, you will have to file an affidavit of heirship in the county recorder's office and transfer the property in your name.
Thanks |
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mtsoldevila
Guest
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Post subject: how to change property title |
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| I lived in Texas. My brother refinance his house through the owner. He stoppped making payments so My brother agreed that me and my dad paid off the property to the owner and then the property title will be transfer into my and my dad's name. There any form that we can use to transfer the title from the past owner and my brither to mine and my dads name? |
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fred1890002
Guest
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Post subject: Warranty deed question |
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| Dad signs warranty deed to doughter. Other daughter gets upset states wants moms half. Mom died left no will. Does the upset daughter have any rights? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To mtsoldevila,
Your query has been answered in the given page:
http://www.mortgagefit.com/annoucements/about26428.html#115234
Please take a look at it. Hope it helps you.
To fred,
As the mother did not leave back a will, the upset daughter can file an affidavit of heirship and get the property transferred in her name.
Feel free to ask if you've further queries.
Sussane |
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Kinyo
Guest
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Post subject: Warrant Deed |
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| What happens when the grantor refuses to file the warranty deed after it is signed and notorized? |
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