The language that is included within the mortgage document is critical in evaluating what steps should be taken when transferring to a Living Trust any real estate that is still tied to a loan.
Does a Standard Document Exist to Demand Payment on a Land Contract?
There is no standardized document to demand that a buyer on a Land Contract make the payments promised. But there is another simple option.
When Can I Move In and When is the First Payment Due on a Land Contract?
A Land Contract is just that: a contract. The terms of the contract should be clearly stated within this document, including move-in date and the payment schedule. Read the Land Contract document carefully…
What is a Certificate of Trust?
A Certificate of Trust contains the “highlights” of the Trust document itself.
If a Home is Owned Jointly and One Person Takes Out a Mortgage That Goes Unpaid, Can the Lender Foreclose on the Entire House?
If payments are missed on a loan that is secured by a mortgage, the lender secured for the mortgage can file a foreclosure action. But the language of the title and the mortgage documents are critical to how the lender may proceed.
Does Standard Legal Offer an Irrevocable Trust?
The trust documents offered by Standard Legal are for Revocable Trusts, by choice.
If the Grantor is Deceased, Who Signs a Quitclaim Deed?
No one can sign any legal document on behalf a deceased person.
What is the Best Way to Exclude Children from a Last Will?
When children are to be excluded from a Last Will and Testament, the situation can be handled in one of two ways:
How is a Living Trust Settled After the Death of the Makers?
The answer is simple: the Trustees named within the Trust documents simply follow the directives set forth in those documents.
Does the Person Assigned with Power of Attorney Sign the Document?
Only the state of Pennsylvania currently requires a Power of Attorney form in which the Attorney-in-Fact must sign the document.