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Expert Insights on Real Estate Deeds:
Roadmap: Is It Time to Transfer Your Deed to a Living Trust?
With a revocable trust (a.k.a. living trust), a deed holder may keep full control and use of a home for life. The creator (grantor) makes the trust for a beneficiary. A named trustee — and a named successor trustee to follow — will handle the assets...
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Read moreA County Takes On the Con Artists. Will Families Recover Their Houston Deeds?
Houston spans four counties. The most populous among them, Harris County, is dealing with a stunning rash of deed fraud. The county has filed court actions charging a slew of defendants over a wide-ranging scheme. Houston families are now hoping to...
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Read moreMy Parent Will Move Into Our In-Law Cottage. What Are Her Rights If My Spouse and I Divorce?
These days, more local governments are making way for deed holders to build in-law cottages, formally known as accessory dwelling units, as additions to the home or separate structures on the same lot as the main house. Many of these deed holders...
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Read moreIt’s the Perfect Home. Should I Include an Escalator in My Purchase Offer?
When you make an offer on that dream home, your agent might suggest using an escalator, also known as an escalation clause. When your written purchase offer has an escalation clause, it raises your purchase price by a certain amount above competing...
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Read moreMy Home Has Unpermitted Upgrades. Can I Transfer the Deed?
It’s a common situation. You did some DIY renovating. You didn’t realize you needed permits. Turns out, you did. Or perhaps the person who sold you the home was a DIY buff and did substantial upgrades without permission. What now? How might unpermitted...
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Read moreWant to Buy a Bank-Owned Home? Behind the Scenes in an REO Deed Transfer
Real estate owned (REO) homes are properties that were taken back by mortgage lenders. A bank-owned home can be a good deal. These properties tend to be sold for below market value, as lenders don’t like to be stuck with houses. Buyers might...
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