A writ of attachment is a court order for a third party to set aside funds for a creditor. Foreclosure is often used to garnish a debtor’s salary. A creditor must obtain a judgment and enforcement before post-judgment collection proceedings. A debt collector can only garnish a certain percentage of a debtor’s wages. Certain incomes […]
A death transfer deed is a type of title deed that becomes effective only after the current owner dies. It is a limited type of ownership, and the property passes to the person named in the deed after death. It simplifies the process of transferring property and can help avoid probate and inheritance taxes. To […]
A deed of guarantee is a legal document in which the seller guarantees that the property purchased is free from mortgages, liens or other encumbrances. A title search is completed to establish ownership and any outstanding mortgages, liens or judgments. Home buyers usually purchase title insurance to ensure clear title. Also known as a deed […]
A writ is a legal order from a judge directing a party to act or cease to act. A writ of seizure is used to seize assets to satisfy a sentence. It can also be used to prevent the disposition of assets before or during legal proceedings. A garnishment writ is commonly used to protect […]
The Truth in Lending Act (TILA) requires lenders to provide accurate and standardized information about credit charges. TILA applies to consumer credit subject to a finance charge and allows consumers to sue for damages and withdraw from contracts. The United States Federal Reserve Board enforces TILA. The Truth in Lending Act (TILA) is a US […]
A trustee deed in the US transfers title of a foreclosed property to the highest bidder or lender. Out-of-court foreclosure is allowed in some states, where a trust deed is given to a trustee as security for loan payment. The trustee is responsible for selling the property to settle the debt. Title is transferred via […]
A deed contract is a real estate transaction where the seller finances the buyer, who takes possession upon signing the contract and pays in monthly installments until the full purchase price is paid. The seller retains ownership and responsibilities, and cancellation rules vary by state. Some argue it’s a “rent-to-own” contract, while others believe it […]
A deed of gift is a legal agreement that transfers ownership and legal rights to specified property, often used when donating historical documents or materials to a museum. It sets conditions, restrictions, and dispositions, and may require signatures and witnesses. Legal transfer of title may have additional requirements, and a lawyer’s assistance can be valuable. […]
A wholesale deed is a law that governs the sale of most or all of a business’s inventory to a single buyer. The purpose is to prevent fraudulent transactions and ensure that creditors have a chance to collect. Wholesaling is normal for some businesses, but not for others. The law can vary by country, but […]
A substitute foreclosure deed is an agreement where a homeowner gives their deed to the lender, who agrees to stop foreclosure proceedings. However, it can negatively impact credit and lenders may not be willing to negotiate. The terms vary, but generally, the homeowner signs the deed and the lender cancels the debt. There are caveats, […]
A warrant is a court order to compel or refrain from action. The applicant must prove a legal duty and denial of a statutory right. A mandate can be alternative, peremptory, or continuative. The defendant must comply or appear in court. A warrant is a court order issued by a higher court to compel a […]
A trust deed, also known as a deed of trust or Potomac mortgage, transfers property title to a trustee until a loan is paid off. The trustee transfers title to the borrower when the loan is paid. The three parties to a trust deed are the settlor, trustee, and beneficiary. The trustee can sell the […]
A deed bond is a real estate sale where the buyer makes payments to the seller until the property is paid off, and then the deed is transferred. This option is used when conventional loans are not available, but buyers should be aware of the risks and consequences of missing payments. Sellers may also refuse […]
Title deeds are documents that prove ownership of property. If lost, they can be replaced by contacting the original seller or the agency that tracks property sales. Laws for registering and tracing property vary by country, so it’s important to know the appropriate agency to contact. Title deeds are documents that help prove ownership of […]
Deeds are legal documents that transfer interest in land from one person to another. Quitclaim deeds only transfer the grantor’s rights to the property and do not guarantee ownership. General warranty deeds come with six promises, while release deeds are simpler and useful when there is a cloud of title. Quitclaim deeds are commonly used […]
A deed of gift is a legal document used to transfer property or money as a gift without exchange or work. The donor must sign and testify, and witnesses must be disinterested parties. Revocable deeds can be revoked, while irrevocable deeds cannot be changed. A deed of gift is an official legal document used to […]
A deed is a legal document used to transfer ownership of real estate from one party to another. It guarantees that the grantor owns the property free and clear and that no other person has a legal right to it. There are different types of deeds, including lease deeds, trust deeds, and bond deeds. A […]
An attachment writ allows for funds to be taken from a person’s wages and given to another party, often due to unpaid debts or child support. A court order is usually required for garnishment to occur. A writ of seizure allows for property to be seized to repay a debt or fulfill a contract. It […]
A deed of possession is a court order granting the right of possession to a party who does not currently possess tangible property. It can be issued to anyone who is illegitimately in possession of someone else’s property. If the person served with the deed wishes to oppose its issuance, they may file an urgent […]
An easement is a legal right granted to a person to use a small patch of land owned by someone else for a specific purpose. It can be granted by express or implied authorization, but only a deed of easement guarantees its existence. Easements may have a specific or general purpose. An easement is a […]
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