can a warranty deed be used to convey a half interest?
829709
I'm not familiar with the laws in the state of Wisconsin, but I think it would be easiest (and cleaner) to just have a regular deed drawn up to convey the interest. (X and Y, grantors, Y, grantee). You would both sign the deed as the grantors.\n\nYou may be able to get a more concrete answer to this question by calling an attorneys office. You may be able to get this information without a consultation.\n\nHope that helps!
98349
ANY INTEREST AND ANY PROPERTY TAX THAT MIGHT BE INCLUDED IN THE PAYMENT
1093532
Adding a name to a title is easy. Go to any escrow (or notary I think) and ask them to draw up the papers for a small fee. You'll also have to pay the county recorders fee. As for the low% mortgage, what you are looking for is a home equity loan. And since you said the house is paid for, you should be able to get a pretty good rate so long as you're not borrowing too much. Not a bad idea to consolidate your high interest debt. Good luck!
623804
THIS IS NOT LEGAL ADVICE.  YOU SHOULD SEEK ADVICE OF COUNSEL WITH KNOWLEDGE OF LOCAL LAWS.\n\nBetter check your loan agreement, promissory note or other debt instrument.  Many companies include in the terms of their debt instruments a right to call the full amount due at any time, at their discretion.  If this clause exists in your debt instrument then they may be within their rights to do so.  If the clause is not in your agreement you may have some ability to fight their claim for immediate full payment. \n\nGood luck!
1130648
Your deed of trust probably contains a clause that asserts the lender's right to establish an escrow account if you allow your property taxes or home owner's insurance to default. \n\nSince property tax liens take precedence over the lender's first lien position,it endangers their interest in the property.  This is how they protect their position on the property title.\n\nOnce you have an escrow account, the tax and insurance portion of the payment becomes a part of the entire payment.  Any shortage is just that, a short payment and you will be reported delinquent accordingly.\n\nSorry, I know this isn't what you want to hear but they wouldn't have forced an escrow if you had maintained the payments necessary to protect their lien position.
194770
My advice is this, a contract is not going to assure that they pay and yes you will be able to sue in small claims court the the money owed but if you feel that you don't want to deal with all that I have a solution. I happen to be an investor who buys real estate notes which you clearly have. Now I would be willing to cash you out and give a lump sum of cash for your property and you can walk away and not worry about it. durland78@yahoo.com
1126192
Have you thought about seller financing for the other 20%?   You get your 80% mortgage loan from your bank and the seller carries the other 500k as a second deed of trust with a short carry period of say 3-5 years.    How you structure the note is negotiable of course as a principal and interest or interest only balloon payment, rate etc.   Some sellers just want out of the property and won't do it, but frankly if the property has credit tenants and positive NOI and positive cashflows after debt service of the 80%, the seller might be receptive to this (after all, no one knows the property better), especially if you either gave a little room on the interest rate, purchase price or other terms and conditions in exchange.\n\nA second idea would be you could probably use the equity in another property you might own (or any other type of investment really) as collateral on a loan for the other 20%.   There are definately a lot of ways you can do this, just make sure the numbers make sense and the cash flows can support it.
130224
A warranty Deed and a Quit Claim deed do the same thing which is convey property but a quit claim is generally used when one of the current owners wants out of the property or it is used sometimes in a divorce. One of the parties quits their claim to the property. Warranty deed generally conveys all parties on the deed.
193075
If your name is not on the deed then it can be sold without your permission but if you can prove you have made repairs and not been paid, then you should be able to place a lien against the property to prevent the sale until you are paid.
1087328
THIS IS NOT LEGAL ADVISE, I AM NOT AN ATTORNEY!!  (I just used to work at a Title & Escrow company) Should you be concerned over changing the vesting of your property please see a licensed Real Estate Attorney or hire a Title Company to handle your transaction:  that being said----\nFirst u need to make sure that if there is a Deed of Trust (Loan) on the property that you can do a Quit Claim Deed.  A Quit Claim is a legal binding Vesting Deed, it in itself will show Legal Vesting for all related Title Searches.  Make sure it has the correct Legal Description, That the grantor is the person removing themself from title and that it has been signed in front of a notory, then take it to either a local title company and ask them to record it for you, or take it to your counties auditors office.  There is a charge for this
284008
I believe they can. However they would be secondary to the banks interest. Meaning when sold or foreclosed, the bank takes their money first.
256090
No.  The company that holds your mortgage should have supplied you with a statement of how much mortgage interest you paid over the previous year.  You can only claim that amount.
1020908
You can "sell" the house but the deed or title wouldn't be clear until the 3rd lien is satisfied. The buyer might agree to some arrangement if he's paying cash but I doubt that his mortgage lender would agree to starting the loan in second position.\n\nIt can be worked out with some fancy-footwork with your third lien holder.
65012
I am assuming this is a question on US Tax Law.\n\nYou can take any type of mortgage on your home to claim the interest deduction.  The end use of the loan does not matter.
707004
Well It would help if I knew what state you were in; however, I may be able to help anyway because I took Real Estate Law a couple of semesters ago.  \n\nFirst of all I think title exams go back further than 50 or 60 years.  I think they go back as far as the title has been recorded. Regarless, if the title was obtained fraudulently at anytime that causes an issue.   Legally if the deed was ever obtained fraudulently or if there is some other flaw in the deed then some unknown person may have a legal claim to the property if they ever find out they have a claim and may be intitled to quite title lawsuit.  The other problem that could occur is if the real estate is ever sold and title insurance is purchased and the fraud is discovered then the current owner may loose his claim to the property or the flaw in the title will have to be resolved before it can be sold.\n\nAccording to my real estate law book a quitclaim deed purports to convey only the grantor's present interest in the real estate, if the grantor has any interest, rather than the real estate itself.  Since such a deed purports to convey only whatever interest the grantor has at the time, its use does not mean or imply the grantor has a good title, or any title at all.  This form of deed does not impose any future obligations on the grantor.  If the grantor has an interest, it is conveyed by the quit claim deed.  If the grantor has no interest none will be conveyed.  If the grantor aquires an interest after executing the deed, the interest will be retained as the grantor's property.  \n\nQuitclaim deeds are used when the grantor knows that the title held has a flaw, such as where another may have an interest in the real estate, or where the interest of the grantor is doubtful, but a deed is need to clear that interest.  They are commonly used when parties have aquired title through foreclosure or some other involuntary means.\n\nThe point of the quitclaim deed is to release the grantor from the covenants and warranties included in other types of deeds becuase he knows there is a flaw in the title.  This knowledge alone would make me wonder why he is choosing this method of transfer if he allegedly know nothing of the flaw.\n\nI don't know if this helps or not but I hope it does! :)
1060124
I am in US, so not sure about Ontario law, but you can probably find out the answer from your local authorities. In the US, you could easily do this by recording a deed, saying "I hereby grant an easement over and across that portion of my property being the following described former municipal lane, to Mrs. X, for purposes of ingress and egress to her existing property." Of course, she should be willing to compensate you for doing this. If you and she cannot agree on an amount, but she insists that she has a right to use the lane, then the matter could result in litigation.
637299
Dear Lender,\n\nI would like to request a ________ month/year loan for $X, the purpose of which is to ___________________. For collateral, which will have a value of at least 125% of the loan, I am prepared to grant a security interest in the following property:\n\nThis loan will be repaid from _____________________.  I look forward to discussions with you regarding this request.