Deed of Trust

Archive for January, 2007

Question: For Jenn-clo, Sorry rather complicated,There are three properties.?

One I own but have a mortgage on. My grandfathers which is on my mothers side I will inherit by Deed of Trust, we all have the same father but different mothers and my fathers home which is in probate due to the will, but on his deathbed he said he wanted it spilt between all three of us, which is why its in probate at the moment having a variation to the will. Thankyou.

Answer: Yes

Hard money rates in North Carolina

Question: Purchased house for cash is there a problem?

I recently purchased a home for cash in NC. I was out of state at the time, used an attorney. I wired the cash ($325,000) into the attorney's trust account. The ONLY paperwork I had to sign to complete this insurance was the settlement sheet. It listed all the charges and who pays for what etc. Typical. I did order and title insurance as was listed on the settlment sheet only! I asked the attorney why there were not more papers required for me to sign and he stated that since it was a cash deal, that was it, just a short two page settlement form. Does this sound right to you? Seems like I would be signing a deed transfer form or something since I paid full cash price for the home? Would I not also have to sign some forms for the title insurance verifying a clear title? I just find it hard to believe that all I signed was one page? and it was faxed at that. Should I worry and what should I ask the attorney for?

Answer: Since you conducted an all cash transaction there are a hell or a lot of papers that are unnecessary for you.

Now I would ask the attorney for a clear title to the property you have just purchased from a title company. You should also have escrow closing documents, indicating any and all other charges that were paid by you to close the transaction, even if they were paid for by the seller. The other document you should have is an insurance policy and the tax documents transferring the property to you and it should show as being paid.

You might also inquire about the check he wrote from his trust account to the escrow for payment of the property.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Short Sale Miami Florida Attorney Foreclosure bankruptcy www.FloridaLawAttorney.com

Ador Dorath - As Free Act And Deed (live 2009 preview)