Is buyer responsible for previous owner's unpaid debt-trailer rent-when $ changes hands or when title changes?
540973
Yes, you are the owner as of April, even though the title didn't get changed until May.
350102
If you have signed contracts in both names (example: car, house, cell phones, loans) then you will be responsible.  If one party doesn't make said payments then they will come after second party.  If there are not contractual agreements that both parties have signed, I'm not completely sure how that works but I don't see how they can hold you responsible. I'm in the U.S.  I just know that contracts are enforceable regardless of divorce.
654088
you'll have to take it before a probate judge or seek legal counsel first. more than likely it will be set that the house be sold at market value and the money be split between yall,but if there is any outstanding debts they have to be paid first then what ever is left be split
222776
get the delivery...it should convey rights of ownership limited to debt obligations.....what about the loan encumbering the property?
759667
No. It is under foreclosure because the tenant, who does not own it, could not pay for staying there. If the tenant says here is proof (bankruptcy filing) that I can not pay for it that will not stop the foreclosure. The auction is the bank trying to deal with the owner's foreclosure. It has nothing to do with the tenant.\n\nIf you meant the owner living there, not a tenant, he has lost any rights to the house at foreclosure so it is not an asset that is part of his bankruptcy so again there is no impact.\n\nIf there was a prayer that an owner could avoid foreclosure or have enough money to buy the property at auction that is long gone. It just doesn't happen in real life.
308887
No, it is not technically "your" money. It is the owners option to fix the gate or to leave it and pocket the money. It will be his loss in the future, if he ever decides to sell the property or whatever, he'll wish then (after the $$ is long gone) that he went ahead and fixed it now- just let it go and don't stress about it
285587
When you have a buyer,if they are getting a loan ,their lending agent can take care of all the closing papers.\nYOU are required to pay for the new deed, NOT A TITLE OF OPINION< the buyer will want a title of opinion,at their expense >
56206
Recently sold my No. VA condo.  There was much paperwork but nothing that related to an occupancy lapse. It really does not make sense - you have paid for the property and are entitled to occupy it.  I would not buy a property from someone who denied me occupancy after settlement.  Of course there may be a rent back from new owner to the old owner, but this is discussed, agreed upon and incorporated into the Purchase Contract well before settlement. Call a Realtor in the area you are interested in - they are knowledgable (by law/license) and usually very eager to talk.
302496
In California, if the landlord finds another to rent the property right away, you would be responsible for any days that it wasn't rented.  If you have one yr. lease that could be a problem, if it is a slow rental market.  You could save money by moving in, but if there is a problem, tell the landlord.  They might have a heart!
652951
Without more details to go on my first thought the quite claim is probably not enforceable.  First I would check with the recorder's office and get a copy of all documents relating to this property.  I would also contact the Title Company and see what they have to say about this.  Could this be a person who was a prior owner of this property?  \n\nThere are occassions where papers have been filed on the right person, the wrong property.  Hopefully that's all it is and you can clear that up easily.  I would also contact the person or business to whom the deed was quit claimed to.  They will probably be able to tell you the circumstances that led to them filing on your property.  \n\nFinally, there is always the possibility that someone stole and identity and forged papers that made it appear that he owned that parcel.  I see that occassionaly where I work, doing bail bonds, when they try to use property as collateral for a bail bond.
566162
It depends on your state. I know that in MA if either party in a rental contract dies than it is void. Sometimes the person who is heir to the property will continue to rent to you or a lot of times they decide to sell. Good Luck eithe rway!
1011159
Yes, the seller is responsible.  If the amount hasn't been determined yet, and if you really want this condo, then you should have your closing agent hold back $25,000 of the sale proceeds in escrow.  Once the final amount is established the closing agent can use those funds to pay off the assessment and return any remaining balance to the seller.\n\nIf the seller isn't willing to go for this then if I were in your position I would walk away and sue them for the return of the deposit.
1128621
When a property gets foreclosed on, and it's the first lien holder that is doing the foreclosing, then the second and third and fourth (etc.) will get wiped out at the foreclosure auction. What an investor will do is to buy/tie up the property from the defaulting owner and see if he can discount the first and second. The second will most likely agree to a small amount (usually 7-10 percent) because they will lose everything once the property gets foreclosed on. The first will usually accept a 20 percent hit.\n\nNow what you quoted is that the second note holder was stating that he will own the property by buying it from the person in default and take over the first position's loan payments and make it current. Therefore, he is not interested in selling his note to the investors. The investors in that example were idiots for not controling the property first or the owner didn't want to sell. The investors were hoping to buy the second note at a discount and bid at the auction and own the property with at least 15 k equity plus whatever the homeowner had in equity.  \n\nYou can buy any note by approaching the lending institution that holds the note and making an offer to buy it. You will need cash to do so.\n\nAlso, to clear up the quoted reference, you can purchase property "subject to" existing liens/loans. Taking property "subject to" means that you will take over the payments, but the old owner is still responsible for the loan(s). So if you stop paying the mortgage/trust deed, the lending institution will go after the old owner and start foreclosing on the property. Buying property "subject to" existing loans is one way where someone with no money and/or credit can get into a home and own it. The second note holder was buying the property from the defaulting owner using the "subject to" clause.\n\nI either confused you or helped you. Either way, I just saved you hundreds of dollars in late night real estate infomercials! ;)\n\nE-mail me if you have any questions.\n\nRegards
989388
You need to go pronto right now {{{with the person you bought it from}}}  to a LAND TITLE COMPANY. Look in the phone book. \n\nThat should have been done when/before you handed the money over.. HURRY!!!! I would demand it NOW.... If he doesn`t show or disappears you just gave him your money and you own NOTHING...  \n\nYou should get a *warranty deed* and nothing else.. Do not accept a Quit Claim Deed. Some years from now on down the road, Some owner in the past can show up with DEED and take it from you... \n\nThere will be some closing costs.. I don`t know how much, But until you have that deed in YOUR name YOU  DO NOT OWN THAT LAND... Right now he has the money and the land.. \n\nWhat ever papers you may have mean very little without that DEED... I worked for a man and he had lived in his home for five years, made major improvements and such, Well he had all his paperwork but no deed. They took his property from him and made him leave whatever improvements he had made. Central air and such.. He got nothing and had paid that man for 5 years... \n\nGood luck and God bless,{:-)\n\n<><
456101
Often that means that they have to change their title deed to reflect the new mortgage company.  These records are often public records that you can request at your county recorder. They might even have an online system.  Our county does... personally I find it kind of scary what people could find out this way.
172687
Whatever notice is specified in the lease.  If you have a lease that doesn't require you to leave upon his sale, it would be binding on the new owner.
684829
Your deposit would have transferred over to the new leaseholder, the current owner.  He is responsible for the deposit.  Make sure you keep receipts and copies of checks that show what you paid.