Real Property
Am I liable for my ex-wife's loan during the assumption process?
I am recently divorced, my ex-wife is keeping the house, and I have already been paid my share of the equity. She is going through the assumption process to take over the loan and needs me to give her a quit claim deed in order for the loan assumption to go through. However, there will be a period of time before I am released of liability from the loan because the bank is in another state, and will need me to mail the deed to them. Am I at risk during that time period being responsible for the loan, but no longer having the house as collateral? And is there anything I can do to relieve myself of that liability during that time?
How can we change our joint tenancy to tenancy in common?
I hold a Quit Claim Mineral Deed as the Successor Trustee of the Revocable Trust of my deceased mother. It grants to myself and my sister each an undivided one-half of Grantor's interest in the minerals of a described property in Garvin County, Oklahoma. The problem is that the mineral deed has us as joint tenants, not tenants in common, so that the whole estate vests in the survivor, instead of our individual heirs. We would like to correct this Mineral Deed to change that situation so that if either one of us dies, our heirs get our one-half interest, not the brother or sister who survives. Can you prepare the document necessary as it does not seem to be one of the forms available? We could fax the Quit Claim Mineral Deed to you if you can prepare the form.
Can you re-record a warranty deed to add a grantee and change ownership type?
Is it proper or even legal to re-record the original Warranty deed as a corrective deed, adding an additional grantee and changing the deed to Joint Tenancy with Right of Survivorship. Does it matter that the added grantee was not a party to the original purchase and that title insurance was only issued in the name of the original grantee?
Should we use MGRM or MGR for our LLC rental property?
My husband and I are trying to put our rental property into the LLC. Should we use MGRM or MGR next to our names, any advantages or disadvatages? Thank you, Pavla
What type of deed is needed to add a daughter to the home deed?
Parents own home free and clear. Father passed away last month and mother wants to remove father from deed and add daughter's name to deed. Need to know which type of deed form I need to purchase and have recorded at court house.