Who Holds The Title To My House?

How do I find the title of a property for free?

Most states now have additional tools available for free property title searches.

You can find these on your state government sites under “county assessor.” You will have to select your county, and you can then search through the listed properties..

How do I find title companies for my house?

Contact the Lender If you can’t find your Settlement Statement, Closing Disclosure, or other documents, contact your lender. Your lender can help you obtain a copy of your title policy, even when, after years, you don’t remember the name of your title insurance company.

Do banks give mortgages for land?

A land loan is financing that allows you to purchase a plot of land. As with a home mortgage, you can obtain a land loan through a bank or a lender, who will evaluate your credit history and the value of the land to determine if you’re an eligible buyer. … That makes land loans a riskier transaction for a lender.

Can someone steal the title to your home?

If someone steals your property title, a lot can happen. … The thief could sell your property or refinance it, not pay the mortgage and allow it to enter foreclosure. The theft of your deed is the result of identity theft. Criminals are using your identity to steal your home.

What does it mean if your name is on the title of a house?

The person whose name is on the deed has the title to the property. It doesn’t matter whether the property was transferred by purchase, inheritance or gift. It’s the deed that transfers title. On the deed, you’ll find the property’s legal description, including property or boundary lines.

How many names can be on a house title?

You can own real estate in California with two or more people. Your property deed lists all the different owners’ names and how they hold title.

Who holds the title to real property when a mortgage is given?

In title theory states, a lender holds the actual legal title to a piece of real estate for the life of the loan while the borrower/mortgagor holds the equitable title.

What happens if you can’t find the deeds to your house?

It is possible to carry out a search at the Land Registry, to locate your property and title number. … An Official Copy of the register is the equivalent of a ‘title deed’ and so it will not matter if you lose this, a further copy can always be obtained from Land Registry, again for a small fee.

How is a house title held?

Titles can be issued to depict ownership of both personal and real property. The different types of real estate title are joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.

Does the mortgage company hold the title deeds?

The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.

Does a mortgagee own the property?

Simply put, yes, you do own your home but your mortgage lender does have interest in the property based on documents signed at closing. … Deed of Trust – this document lists the legal obligations and rights of you and the lender. It also states the lender’s right to foreclose on the home if you default on the loan.

Can you lose your house if you own it?

So, the short answer is yes, you can lose your home even if you bought it outright. Taxes still have to be paid, liens must be paid off, and if you get sued, the court can and will seize the house to satisfy the judgement against you.

Can you sell a house with a mortgage?

Put simply, in a traditional sale, you should be able to sell your home for more than what you currently owe on your mortgage. If you’ve been paying down your mortgage over the years, you’ll have built up equity in your home, which you can cash in on when you sell. … The remaining amount of your mortgage.

Should I put my wife’s name on the house title?

When it comes to reasons why you shouldn’t add your new spouse to the Deed, the answer is simple – divorce and equitable distribution. If you choose not to put your spouse on the Deed and the two of you divorce, the entire value of the home is not subject to equitable distribution.

Is a house title the same as a deed?

The Difference Between A Title And A Deed A deed is an official written document declaring a person’s legal ownership of a property, while a title refers to the concept of ownership rights.