Tag: deed holder rights
-
Can the State Force a Deed Holder to Leave? Eminent Domain Strikes Again
It happens. For public safety and other reasons, the state can pull the land out from under a deed holder. Here, we look at two current cases. One’s in Iowa. The other one’s in Massachusetts.
-
Shakedown in Miami: City Presses Deed Holder to Give Up Front Yard Space for Potential Street Expansion
Chad is a deed holder in Miami. He says the city is trying to take front yard space away from him. He only wanted to create a backyard dwelling unit. When he requested permission, Miami insisted that Chad must transfer a part of his front yard to the city. What’s more, the strange process Miami…
-
In Case You Missed It: Massachusetts “Affordable Homes Act” Doubled Homestead Exemption to $1 Million
As you may know, most states let a vested deed holder designate a percentage of the primary residence’s value as a homestead. Homestead status can stop a home’s forced sale due to unpaid debt. This year, under its Affordable Homes Act, Massachusetts increased its homestead protection from $500,000 to $1,000,000. All the better, this higher…
-
Connecticut Beats Down Zombie Mortgages
What if you survived the foreclosure crisis back in 2008…and all of the sudden, now, a bank turned up and told you it’s time to pay back the balance related to a second lien that you thought was written off, a loan you never repaid? This is no joke. As home values soar, lenders and…
-
We’re Inheriting a Deed Together (And My Co-Owner Has No Job)
Meet Terry, a new deed holder. Terry received the home from his mother. “My mother recently passed away,” as he tells the story. “I inherited the deed, with my sister. My mother was supporting her, but that’s come to an end.” His sister is already living in what used to be their late mother’s home.…
-
The Water Log: A Deed Holder’s Intro to Storm Runoff
Storms aren’t exactly getting milder out there. And did you know that rainstorms can implicate a property owner’s rights? Severe or recurrent storms can create significant challenges for a deed holder. Flooding is the costliest risk for homes. Here, we cover just the basics of stormwater and deeds.
