My father purchased a vacant lot in 2005 and had a warranty deed signed, notarized and filed with our county. My father let me have the property to build a new home, once the home was completed I had the deed transferred in my name, now I am know trying to obtain a equity-loan to pay for the loan I had previously taken out to build the homebut my problem is the owner from which my father bought the property from was one of 3 owners the property was willed to from back in the 70’s. Is this a pretty common issue? I already have a title company I am working with, but they want me to get an special warranty deed signed by the two other deceased owners heirs, but they do not reply to any letters I mail them? What can or should I do? I really need to obtain the loan, but my lender will not approve it without the title insurance.
The two other owners are deceased, but there are heirs to the deceased. My dad did not purchase any type of title insuarnce when he purchased the vacant lot. He has receipts showing that he paid and the signed warranty deed. We have proof where we have been paying the taxes since 2004 on this property and the woman who sold the property has signed an affidavit of heirship on the previous owner, her sister. Does the warranty deed not help or count as anything?
Posts Tagged ‘purchase’
How can I obtain a clear title for my property to purchase title insurance?
Should I be able to wait until after I have crashed my car to purchase collision insurance?
Should insurance companies be forced to let me buy health insurance AFTER I become sick? If they should, should I expect to pay more than a healthy person or should my premiums be the same? Wouldn’t the health care reform bill allow me to wait until I get sick to purchase a policy, and prevent insurance companies from charging me any more than they charge a healthy person? Isn’t this just wrong?
should i purchase insurance when renting a car from the rental company?
should I purchase insurance when renting a car from the rental company. I have my own car insurance for my car.
Should I finance a used boat purchase with my 0% interest rate credit card or get a loan from a bank at 10%?
I am contemplating purchasing a used boat which is over 15 years old. I am looking at the best way to finance this purchase and need some input. The only loan I have is a student loan for $4K and the only credit card I have has a balance of $11K with 0% interest for the next 6 months, and then a 8% rate after that. I have a few other credit cards which send me access checks with 0% fee and interest for one year that I could use to finance the boat. I would use $11K in an access check to finance the boat at 0% interest on a second credit card which would increase my credit card debt to $22K with 0 interest for awhile and then 8% on both eventually. However, I believe I can pay off these cards before any interest kicks in. The second option is to get a boat or personal loan for the $11K and pay about 10% interest. I would intend to pay the loan as quickly as possible as well. My question is, should I finance the boat using $11K of credit card at 0% interest or get a bank loan?
Will health reform allow the purchase of hospitalization only insurance policies?
At one time people were able to buy insurance policies to cover the risk of going into the hospital. Now insurance policies are weighed down with many more coverages.
There are :”hospital indemnity” policies, but they cover only about $100 a day, and even the room and board charge for a hospital is more than that.
Wouldn’t it make sense to break down the coverages and let people buy what they want?
Do I need to purchase any other insurance when renting a vehicle?
I am going to be renting a car soon. My mastercard offers insurance for the vehicle. Is there any other insurance I should buy from the car rental company? I don’t want to get in an accident and discover that I am not fully covered.
Do you have to pay private mortgage insurance if the home is appraised for more than the purchase price?
We are putting in an offer on a house for 110K, but the house is appraised at 153K (long story I’ll save you the details) We are more than likely getting the house for this price. I asked our lender if we would have to pay PMI then since the house’s value is so much more than what we’re paying and she said yes.
However, I know a friend of mine said they put 0% down on there house and had it appraised 2 years later and the value of the house had increased so much more than what they paid that they got the PMI dropped. Why is my lender saying that’s not possible? Anyone know?
It’s not through FHA – we are putting between 10-15% down depending on final price.
Can sales tax for a private party car purchase be added to a bank loan?
If you purchase a car from a private seller, in New York State you have to pay sales tax at the DMV. The tax amount is determined by the sale price of the vehicle. My question is: Can the amount that you will have to pay for tax be added to the bank loan; in turn not having to pay the taxes at the DMV because it’s already included in the loan? (I’m in New York State)
I know that taxes are not payable to the bank. But if you were to purchase a car from a dealer, they could add all the costs, including registering the car, and taxes, and you could get a loan from a bank to pay for all of that. But my question is, when buying from a private seller, can the tax be included in the loan so as to give the buyer a break from having to pay cash out of his pocket to pay the tax at the DMV. It is in NO way a tactic to try and get around paying taxes, it is simply having the cost of the tax included in the loan. The state will still get the tax money.
What’s the best place to purchase both auto and home insurance from?
I’m buying a new home and changing my auto insurance carrier, what insurance company can offer me the best deal when it comes to providing both home and auto insurance in a combo package?
Is it a good thing that replacement value of a home (in terms of insurance) is higher than purchase price?
We are buying our first home and I just found out that the replacement value that our homeowners insurance will cover is $42,000 more than what we are buying the house for…. is this a good thing?
need to purchase home and credit is 588 what r my chances of getting mortgage. bad credit due to divorce?
strong opinion! ex cleaned out my acct of 25k without my knowledge, my credit cards-he was authorized user, i walked away with debt incurred by other, loans to repay, etc. i was not financially careful. i pay $1400. in rent now. why not purchase?
When items are rented at receptions is there an insurance you can purchase in case any items are stolen/broken?
Just wondering, you know sometimes there people that will take glasses or just do weird things?
Is it possible to get a loan from the bank or other financing institution to purchase a gold mine?
I am interested in purchasing a gold mine for only $50,000 and would like to know if I can get a bank loan or loan from a financing company to buy the mine? If I can get a loan, what banks or companies do I go to get the loan? What companies supply this type of loan?
I rented a Uhaul and caused damage to a building. I didn’t purchase Uhaul insurance. Who pays for the damage.
I went to go under the building but the clearance was to low and I caused some damage to the building but no damage to the Uhaul. I don’t think my auto insurance will cover it. Will the building insurance cover it or will I have to pay out of pocket.