Voluntary conveyance - Voluntary Vol un*ta*ry, a. However, the application of voluntary conveyance is limited by the requirement for clear title. There is no exchange of money with a Voluntary. Voluntary conveyance can aid municipalities by saving them the expense of tax foreclosure and reducing urban blight, while benefiting property owners whose municipal liens may be discharged. In a voluntary conveyance, the grantee of a unit shall be jointly and severally liable with the grantor for all unpaid assessments against the latter for his. A Voluntary Transfer is what happens when a person transfers some or all of their property to another person. use the voluntary conveyance method as an alternative to the standard tax foreclosure process to accelerate the development of abandoned or tax-delinquent properties. In a voluntary conveyance, the grantee of a unit shall be jointly and severally liable with the grantor for all unpaid assessments against the latter for. In this case, a voluntary conveyance has obvious potential for fraud, and in fact, is one of the vehicles used by unscrupulous parties to defraud creditors. Voluntary conveyance also refers to a transfer of property made without adequate consideration, such as a deed transferring title to a family member or relative. The delinquent borrower transfers title on a voluntary basis, in order to avoid foreclosure. This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property.Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default.
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