No credit,money,or house how can I get money to invest in real estate?
Answers: That's really funny.
How about get a job and save money? That is the simplest way to get money to invest.
When you are owner fianancing a home and the origianl loan of the home is still below the inventive buyers identify
But the title of the house is under my describe. My question is when selling that home do we ( the title owners) attain to keep adjectives the profit after the remainder of the loan is paid sour? Does just owning the title of the house fashion is 100% ours.Answers: What you have is a sticky situation . The agreement you enjoy is just between you and the owner. You own no ownership of any part of the property. Should he take-home pay it off to his mortgage holder he can next convey it legally to you but smaller number than 1% of those deals ever crop up.
Also pray his mortgage holder does not find out
Selling a home and staying on title is selling through a land contract. The contract spells out the details of the do business. This can be a very complicated transaction and by the nouns of your question you stipulation the advice of a REAL ESTATE attorney
In home ownership what is the difference between the title and a deed? and what do each intitle you to?
Answers: The piece of paper type 'title' generally refers to ownership of vehicles, trailers, etc. These are issued by your state. Having the title in your hand means you may sell this item.
However, there is an ownership interest in real estate referred to as 'having title'.
A deed is a legal instrument used to transfer title. Think of it like a receipt that gets recorded at the court house. Having a copy of the receipt (a copy of the deed) actually does not entitle you to anything. You can go to the court house and get a copy of anyones deed.
To have the right to sell (or mortgage or lease) the real estate the deed must be in your name. All parties who have an interest in the property must be notified of transfers. For example, you can't sell off your house without the bank that holds the mortgage being informed.
Hope this helps
a title is usually the ownership papers for a car truck or trailer; a deed is the ownership papers on a piece of real estate, such as a home, duplex, apt house or any other piece of real property.
possession of a title or deed allows you as the owner to sell, mortgage or trade your property for what ever you wish and by paying off what is mortgaged against it, all the rest or balance is yours to do with as you wish.