My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

@soniajames-tn4mp

26 күн бұрын

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

@rapp-in1mz

26 күн бұрын

I totally agree; I am 54 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

@Johnmark-iq4gg

26 күн бұрын

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

@rapp-in1mz

26 күн бұрын

"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.!

@Johnmark-iq4gg

26 күн бұрын

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

My wife and I decided to transfer our assets into a trust years ago. The lawyer who handled our trust told us to use a quit claim deed to transfer our house into the trust. We later learned that this was not the best way to do that. Over the years I have found that just because a person has passed the bar, that doesn't guarantee that they are good at their job.

@terrybelden876

Ай бұрын

Never trust a bar guild member, they are foreign agents that owe their allegiance to the bar guild and the court, not their client or the constitution.

@plumbthumbs9584

Ай бұрын

the bar for professionals is, in fact, pretty low.

@quercusrubra777

Ай бұрын

@@plumbthumbs9584 :)

@wiseforce7045

Ай бұрын

Hi ! Why would this not be the best way? Would you educate on what would be the best way ?

@terrybelden876

Ай бұрын

@@wiseforce7045 all trusts can be broken

CAUTION ! I am a Professional Land Surveyor (CA) and have dealt with title reports & title companies extensively for 45 years.....something has changed with these companies in the last 15 yrs (out here in California). Perhaps because California is such a sue happy State? But read the fine print (which takes ups the last 8 pages of any title report) and it endlessly lists everything they 'claim' they are not liable for (including many types of errors in their research, or lack thereof). We have found the quality and reliability of many of these companies taking a drastic downturn. More common - is now the title company will hire a Land Surveyor to do an 'Alta Survey' and base their report on this 'Alta Survey' so as to stick the Land Surveyor with the liability for any errors regarding title, encumbrances, easements etc. Find a title company with a solid reputation and don't automatically go with whomever the real estate agent uses out of habit.

@bajajoepoker

Ай бұрын

Thanks for this info! Do you have any tips on how to find the most reputable title companies in a given area? Where the area is potentially new for the buyer and no relationships exist?

@wretchedmess

Ай бұрын

Came here to say this! I worked for a land surveyor in AZ who refused ALTA surveys because of what you state above. At some point it just seems like title companies just take a chunk of money to process the sale, and shift any burden of liability to a land surveyor, counting on their claims of things they are not liable for to "protect" them.

@RAkers-tu1ey

Ай бұрын

Amen to you brother. I am a land use and risk consultant, also in California. I am often tasked with deep dive research into property development histories. I have found lots of errors and omissions in title reports, fully disclaimed away by the fine print. Unfortunately, these are often found during litigations, when it is too late to resolve them painlessly. Pick a Title company with a 20 year history, and maybe do a second opinion report if there are any doubts. A good title report costs about the same as a good Home Inspection.

@DrAlexCullison

28 күн бұрын

That's why all you guys make those big bucks! Okay, just kidding... The Real Estate lobby is so powerful and well represented in state legislatures (with lobbyists) that they have engineered getting more money with less liability.

@loriw5457

27 күн бұрын

@@DrAlexCullison Wish I had made the 'big bucks' ....dang! Here I am, old & burned out, living on SS. I was naively just the tenacious research person, lower on the staff pecking order....my employers made the 'big bucks' ( I heave a sigh ). I got so burned out from dealing with the deaf & the blind, I threw in the towel and abruptly left. I've spent the last year just sleeping to recover from the eye strain, constant emails and chain smoking (while researching). Sort of feeling like 'Rip Van Winkle' today. I don't regret leaving - so that says something?

Just stop paying property taxes and you'll find out who REALLY owns your property.

@laughuntilyoucryordie

2 ай бұрын

You sure got that RIGHT! My wife’s dad found that out when he lost a beautiful $70,000 lake property he paid off years ago but when he retired he couldn’t afford the P taxes. So he was forced to move out and that property got actioned off for a sad $25,000! Unfortunately he didn’t inform his family of his income situation or that he had fallen behind on the P taxes, so the family wasn’t able to pay them to keep the property in the family.

@DJRenee

2 ай бұрын

LoL 😂

@laughuntilyoucryordie

2 ай бұрын

@@DJRenee hmmm 🤔 not sure what’s so funny about this??

@Dadwithallthecool

2 ай бұрын

Lien your house . Lien it for every penny you have spent, closing, deposit, utilities, maintenance, security, improvements…. In a few years the lien amount outvalues the property. They have to pay the lien before they can take your property….

@prmhighflr69

2 ай бұрын

😂😂😂😂😂😂😂😂😂😂😂

No frills no fluff, just straight to the point and simple for anyone to understand. Well done. Thanks for sharing.👍

@TheRealEstateLawyer

4 ай бұрын

Exactly our goal. Glad you enjoyed

@NoNORADon911

2 ай бұрын

I looked up the definition of ''bundle of sticks'', it describes the current admin pretty well.

@fsoiberg

Ай бұрын

Do not pass GO, do not collect $200.00! Yes, Title & Deed are not the same! Title SPLITS ownership and can distribute the "sticks" with OTHER parties! Slaves (Tax Payers) can not own property! If you are paying Property Tax, you are not the property owner, the State you pay Taxes to is the OWNER! You are Tenant! If you doubt me, Stop paying Property Tax and see who will take the property from you! When you OWN a property, you don't pay tax on it.

@plumbthumbs9584

Ай бұрын

​@@NoNORADon911 Yeah, internet memes are a curse. That was a serious record scratch moment, then the graphic popped up and I laughed at myself.

"There's nobody that can really tell you what to do with the property..." - Except the HOA, the city, the county, the zoning board, the EPA, the BLM, the neighbors, and every level of law enforcement (city/county/state/federal). Yeah. Freedom baby.

@tonymanero5544

2 ай бұрын

That’s right. They tell you that you can’t harm, annoy, or nuisance others with your property, because most humans, like you, are probably really animals if left uncontrolled. You may have missed the Civic classes when you skipped school.

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

@bugwar5545

2 ай бұрын

Yeah, good points. Of course, if you are in a HOA, you get what you deserve. As for the rest, everyone should be allowed to make their own laws for the land they own. Are you really that dense?

@clam4597

Ай бұрын

squatters

@Elizabeth-yg2mg

Ай бұрын

Don't buy anything in an HOA. Other than that you still have lots of leeway.

The word “indeed” must come from “deed”. We use “indeed” to emphasize something, and in a very real sense, the “deed” emphasizes your title to the property. Indeed an excellent video, thank you!

@kcgunesq

3 ай бұрын

Or, perhaps more like, as 'electronic mail" morphed into "E-Mail and e-mail" into "email" it is simply a contraction of the phrase "in deed" as in "in deed, in fact and in truth".

@kendallevans4079

3 ай бұрын

@@kcgunesqHmmm.......Indeed!

@mm-yt8sf

3 ай бұрын

i was thinking the same thing...though..now that i'm dwelling on it...i suppose it could also come from "deed" as "action". such as he's a nice guy in word and deed. or maybe both of those are related too, but they seem so basic i'm not sure i could guess which came first (if related at all)

@Finderskeepers.

Ай бұрын

correct, it comes from the consolidation of " in deed"

This needed to be explained since in Real Estate they are used as synonyms. It’s likely most people don’t know the difference. Thank you!

@BillySBC

4 ай бұрын

"Title" = Complete ownership of a certain type of property. "Deed" = Deeded Rights to that property under certain conditions outlined in the Deed. As far as Real Estate is concerned the person who owns the Deed is not the owner of the property and never can be, ownership always belongs to the government which issued the Deed. If someone would like to test this concept out they can always just refuse to pay the property taxes on the property and find out how long it takes the local government to remove that property from you and issue the Deeded Rights to someone else who would like to pay the property taxes. Being the "Deeded Occupant" of a property is not the same as being the "Owner". The Government is always the Owner.

@bluesky6985

4 ай бұрын

Real estate is not title to the property. Property can only be owned by allodial title or patent.

@ianbelletti6241

4 ай бұрын

​@@bluesky6985patent has a different function. Patent isn't ownership of an item but of a design (idea). Copyright is ownership of a different type of idea than patent. Patent and copyright give the owner(s) of those ideas monopolies for a limited amount of time.

@laguna172

3 ай бұрын

​@@BillySBC You missed the entire point of this video. The Deed is the legal paper document that evidences and identifies the owner of the property. Title is the concept of ownership of the property. I don't know where you get this idea that ownership always belongs to the government which issued the Deed. This is simply not true. Nowhere in the video is this mentioned. If what you say is true, then when I bought my house, the seller was the government. Using your logic, there would be no sellers of real estate other than the government and every purchase of real property will be between the government and seller and the buyer as purchaser. This is simply not how it works. I assure you that a private individual sold me my house and that the private individual from whom I purchased had no governmental ownership to deed over to me. The scenario you describe where you refuse the pay the property taxes, will result in late fees, and accrued interest for failure to pay the property taxes. The county in which the property is located governs the collection of real property taxes. Failure to pay real property taxes will eventually end up with the county slapping a lien on your property and, after going through various administrative processes, will eventually seize the house and auction it off to recoup the unpaid taxes. But the county will give you ample notice and opportunity to pay the property taxes before essentially foreclosing on your home to recoup the unpaid taxes. The power and authority of the county to sell your house in foreclosure does not mean "the government is always the Owner." Think of it this way -- if you don't file a tax return and you don't pay the IRS any income tax due, they can file a lien against EVERYTHING you own and unless a resolution can be found, the IRS does have the power to seize your real property, personal property, freeze your bank accounts, etc. But just because the IRS has that power and authority, it does not mean that my paycheck come comes from the government. My opinion, worth what you paid for it!

@Birdylockso

2 ай бұрын

@@BillySBC What if you interpret the property tax as the payment to the right of using the infrastructure that your house uses, such as the roads, drainages, electricity wiring, etc.? If you don't pay the tax, your house is seized as collateral against what you owe in tax. So, in reality, you do own your house.

Great video...our home is a mobile home, and we only get a title for it, but we have a deed for our land. An advantage to this is the property taxes on the home are low because it's taxed as PP instead of RP. We essentially live in a manufactured rancher that's taxed at the rate of a fancy camper, less than $300/year. I can't complain!

@wiseforce7045

Ай бұрын

Please., what is PP and RP ?

@sheilal3172

Ай бұрын

@@wiseforce7045 PP is personal property. RP is real property (usually land).

What a great video. I like the "Easy Talk" way you explained the different between the Title and Deed. No tough girl lawyer talk.... Nice and easy to understand. Thank you.

A Title is like a University Transcript and a Deed is like the Actual Diploma. Title is what you should have and the Deed is the Physical Proof that it's yours. (A Title is like your Social Security Card and a Deed can also be along the lines of a Physical Birth Certificate)

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

@xavier3098

Ай бұрын

Very good example, thanks

@terrybelden876

Ай бұрын

Wrong a deed does not indicate ownership. It just conveys an equitable interest in the property. Go look at your deed no where on is does it stat you are the owner. You are a resident or a tenant.

@plumbthumbs9584

Ай бұрын

@@terrybelden876 Oh boy, I thought BossRoss had explained it, now I'm really confused. And I've bought multiple houses and pieces of land through the years. What on earth is going on?

@terrybelden876

Ай бұрын

@@plumbthumbs9584 what is going on is fraud, identity theft. It all started after the civil war. The corporation that is masquerading as government, has had over 100 years to perfect the fraud they are committing against we the people. The real estate scam started around the time ww2 ended.

Well Done ! I think where people are understandably confused is that your car title is your "document evidencing ownership..."

@TheRealEstateLawyer

4 ай бұрын

Great observation

@LJ-jq8og

4 ай бұрын

@@TheRealEstateLawyer Would love to see a "crisp" video on avoiding and fighting back after title fraud occurs... MOST of the videos on the subject are substantiveness and without solid recommendations !

@voidisyinyangvoidisyinyang885

4 ай бұрын

@@TheRealEstateLawyer when we get a deed for tax-forfeiture property from the government - is that also a "quickclaim deed"? And so how is it proved the entity conveying the deed actually owned the property aka had title? You say bankruptcy court - the proves they didn't LOSE the property. I watched some "sovereignty" couple claiming they didn't have to pay their bank mortgage since the bank deed didn't really own their property or something like that. hahaha.

@gatsbylight4766

4 ай бұрын

@@voidisyinyangvoidisyinyang885 - *1)* There is no such thing as a _"quickclaim"_ deed; it's a "Quit Claim" deed - i.e., one person "quits" all of their "claims" to a property. When you purchase tax foreclosed properties you would typically receive a *"Tax Deed".* The exact type of deed may vary depending on which state you live. *2)* Proof of ownership that the entity conveying the deed actually owned the property is established via the *title search* process which is done by the title company as part of the real estate sale and closing. All real estate deeds must be registered with the county register of deeds, and as such a continuous record of registered owners is established. If Johnathan Doe is the last person who has recorded a deed for this house, and he is now about to sell the house to you, all that is needed is that he provide proper I.D. at the real estate closing showing that he is indeed Johnathan Doe. When the county forecloses a property for nonpayment of taxes, even the county then has to register that judgment of foreclosure with the county register of deeds. *3)* Needless to say, "sovereign" legal defenses never work because they are not on solid ground. If a bank has paid the $300,000 to purchase the house on your behalf, then *yes,* the bank has ownership rights to the property and you are legally liable to pay the bank back for the money that they put up to purchase the house - and you are liable by virtue of the *contract* that you signed with the bank.

@BillySBC

4 ай бұрын

When it comes to Real Estate the government that issues the Deed is always the owner, you are just signing a document that imparts certain Rights and certain Responsibilities as well, but the government is always the owner. Should the day ever come that you are unable to pay the property taxes then you will find out who the actual owner of the property is. Should the day ever come that the government needs the property to run an interstate highway though you will find out what "Eminent Domain" means. The government is always the owner, you are merely the occupant who has been granted or "Deeded" certain rights to the government's property.

Excellent! I was a "landman" for the O&G Industry for years researching Mineral Rights of property. (One of the 'sticks')

I am a CPA who gets involved in that I record the transactions on the financial records. We purchased property that we found was not owned by the party we purchased it from. We went to the title company who admitted they only do a surface review. They had little confidence in their own process. However, they reimbursed us for our loss. They said they do thousands where there are no problems. It is not cost effective to do a detailed, exhaustive search. They just pay out the claim when failures occur.

@sarahyip2825

Ай бұрын

Surface review is surely NO review! Not caring is at the bottom of this. Or caring only for what they can earn with the least amount of work!!

@Finderskeepers.

Ай бұрын

The banking system takes the same approach when clearing cheques. They dont check the signature or the payment instruction of each cheque as is their duty. Its a cost benefit approach, its cheaper to pay for errors than to check for errors.

Very interesting! As a real estate investor, I have purchased and sold quite a few properties over the years, and I've never heard such a simple explanation of these two terms. Thank you!

Well done. I've never heard title described as "the bundle of sticks" before, but that is a great concept.

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

@LoveOneAnotherHeSaid

Ай бұрын

Yes, the famous Fascisti.

Making it simple by keeping it short & sweet. Thank you.

Thank you so much for this easy and quick educational material for new homeowners!

Wow. This is very informative and succint. I've bought two properties and sold one, and finally understand the terms. THANK YOU!

Wow! Such a clear and simple explanation of each. Thank you!

Nice video. Brief, clear, and coherent.

Excellent explanation. The pop quiz was a nice touch.

Thank you for explaining between two. God bless.

Very clear and helpful! Thank you! 👍

Could you explain how crooks steal a title and how to secure against it?

@Steve-mz7np

4 ай бұрын

When a house is debt free it easier to somehow get scammed, I’m not sure how they do it but we were encouraged to get title insurance.

@ianbelletti6241

4 ай бұрын

What they often do is file a fraudulent deed. The filing of the deed creates a crap show to get clean title back. Just because they file doesn't mean that they have valid title to the property. Much rarer is taking the property via adverse possession. If they do adverse possession right they can file with the courts to have the property titled to them. The first is illegal but adverse possession is legal. Adverse possession, however, does require that they openly use the property.

@kendallevans4079

3 ай бұрын

@@ianbelletti6241The second one you speak of, isn't that how squatters try to get your property?

@ianbelletti6241

3 ай бұрын

@@kendallevans4079 yes, that is how squatters try to get it. However, you have to be doing it blatantly and openly. If the owner has no knowledge because you're always sneaking around and hiding when they check on the property that is not adversarial enough for the courts.

@kendallevans4079

3 ай бұрын

@@ianbelletti6241Thank you. I use to own a mountain/vacation cabin and worried about that. Fortunately, I had great neighbors and nothing bad ever happened

Wow, your a great teacher!

Thank you. Very well explained.

No BS , clear concise explanation. Thank you.

Love this video.Simple but so clear.

Yes very good information. Like your clarity explaining the informarion! Thank you.

Thank you so much for the GREAT info. I really appreciate it.

If a mortgage loan is obtained for the property purchase, there will be a deed of trust that will be recorded. This is a security interest that states that the buyer will repay the loan and the mortgage lender will hold the title to the property until the loan is paid in full. Upon the final payment of the mortgage, the buyer will get a release document saying the property is paid in full and the title and deed, which will be recorded with the Register of Deeds.

@mistermylo8607

4 ай бұрын

Good point!

@TheRealEstateLawyer

4 ай бұрын

Correct

@vnickcolvin4971

4 ай бұрын

Are these documents sent from the mortgage company, we only received a lien satisfaction?😊

@OldBastard-dj6er

2 ай бұрын

unless you have a LAND PATENT and ALLODIAL TITLE . .. then the land can't be used as collateral . . . because of the land patent . . .. . . .do you see now how the banking structure could be more fragile ; )

@billytyson5458

Ай бұрын

That is more common than a Deed transfer, because the payment was borrowed.

Love simple things that are easy to understand , thank you .

Thank you, great job.

Very helpful, thank you!

Great job! Thanks,

Hey thanks! shared w my mortgage banking team this morning

Great Video ma'am, I have the physical Deed, and there is only one, and it's a unique document (one page, side 2 printed in the inverse, with other security measures embedded within the document..."tangible" proof! ) that can't be copied!

@kazparzyxzpenualt8111

4 ай бұрын

I though there are two copies or two identical documents for a property Deed. One resides in the County Clerks Office and never leaves there. The other is supposed to be held ( in a safe place) by the owner of record. They have to match etc etc.

Very informative, thank you for posting this.

Thank you Tiffany!

But there's two kinds of titles; allodial title, and split title where the buyer only gets the equity half title while the state retains the legal half of the title. Allodial titles are absolute ownership and can't be taxed, leaned, or regulate it's use.

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

@clutchpedalreturnsprg7710

Ай бұрын

Mrs. Gump's House and property.

@waylonmccrae3546

Ай бұрын

How hard was it to get your Alloidal Title & How did you go about NOT Paying Taxes ?? Thanks

@Oldhogleg

Ай бұрын

@@waylonmccrae3546 The last time I dove into it about a decade or so ago, the last two states that were still doing allodial titles was Nevada and Texas. But Nevada stopped years ago, leaving Texas as the only remaining state with allodial titles. Now as far as I understand, you can get a federal equivalent of an allodial title by applying for a federal land patent. If I remember correctly, you have to make a one time tax payment equal to a number of years of taxes upfront. From what I understand, thus is the route oil drilling companies go to secure absolute ownership, including mineral rights. There's no mineral rights in split titles because you lack the legal half of the title. That's why you're typically referred to as "Tennants in Common" or something similar on split titles.

@1:20, Title refers to owning all the bundle of sticks ( interest). A better explanation as to what is a deed: a deed is a written document that spells out the what, who, and how the real estate interest is conveyed- (what ) bundle of sticks; (who ) is the person owning the bundle of sticks), (how ) that bundle of sticks is owned.

@TheRealEstateLawyer

4 ай бұрын

I explain it that way in another one of my videos

@plumbthumbs9584

Ай бұрын

So then every piece of property has two documents, a Title describing what a piece of property is and a Deed stating who owns it. The Title states assets only, one does not 'own' or 'poses' a Title. The Title is the 'definition' of the items in the Deed. Is this correct?

@hewitc

20 күн бұрын

You may have the deed, but your right to use your property may be restricted by easements, for example. I've seen homes where the public had the right to hike throught the backyard or walk through to get to a beach.

@spencerhansen8374

13 күн бұрын

​@@hewitcthat's another stick in the bundle

Gratitude for this share, it was informatively efficient & easy to comprehend.

A girlfriend of mine is the administrator of an estate and a beneficiary of the real property of this estate. The Will required the administrator to correct any environmental problems or perceived problems found on the property. Funds of the estate were expended to do this, although she did not have a deed. The Orphans Court ordered her to pay the money back to the estate, claiming it was her property, and that she had to take the property as it was at the time of death (an environmental disaster) although the probate has not been completed and cannot be finished until she receives a final tax return of the deceased.

I think it’s confusing because if you own your car outright, you have a physical piece of paper called a title. But with real estate that same document is called a deed.

@Another_taco.Yes_please

4 ай бұрын

I agree. Looked up the terms and the article said that the term 'Title' is 'conceptual' but that a 'Deed' is the physical instrument that proves ownership. Kinda like a title you are given at work for your position. It is your job title but you do not 'own' it. Understanding that, I still don't get why we are not given a deed instead of a title when purchasing a vehicle. Is it because one could steal someone's vehicle title and still trade with it? Makes no sense as ownership is trackable with the VIN # which is on the title.

@timbamler8964

4 ай бұрын

I belive A vehicle title is a contract threw the state which it is registered , a singed bill of sale is legal ownership, if you go to , ( cornell law ) and look up ( 49 us code 33107 ) i think the title is why they can tow your car when ever they want to.

@barrydworak

4 ай бұрын

Even that isn't quite accurate. The different types of deeds might or might not say that you own the property. A combination of deeds (including trust deeds, which replace the mortgage documents in some states) adds up to describing who owns the property, or part of it, etc. Instead of a Quitclaim, with auto title you can just sign a release of responsibility, right there on the same document. I used to do a lot of closings, and 100-150 pages for a home with a loan, are typical. Some pages are deeds. With a car, it's all there, thankfully, on one document. 🙂

@marklynch3918

4 ай бұрын

Deeds are associated with fixed property.

@thewisdomdivatv

3 ай бұрын

@@Another_taco.Yes_please EXACTLY

Thanks very much for giving more insight to these two topics

Excellent Explanation - Concise and easy to understand.

Those are the laws and regulations to make lawyers happy. I bought properties in Thailand and in Thailand you don't need a lawyer or any other blood sucker. There is the Land Department, a government body, which registers all legal matters about the property. Everything is done on the spot and doesn't take more than an hour. The Land Department issue a title deed and the property is yours. Guaranteed by the government.

@user-hu1um2xk5h

Ай бұрын

Each country is different.

@plumbthumbs9584

Ай бұрын

The Professional Order Of Leeches and Lampreys has filed a compliant about this comment.

Excellent content. Thanks for your time to post it.

So wise , Thank You . Every Property Owner must Know

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

Thanks for the clarification.

Bless you for a clear explanation--THANK YOU!

This just left me more confused than before!

@daveb2280

4 ай бұрын

Thanks! I thought I was the only one.

@lasean

4 ай бұрын

Title = Set of Property Rights; Deed = Legal Document for the Rights

@TwoPyramid

4 ай бұрын

Don't worry, it's not you. It's not a good explanation.

@boffo63

4 ай бұрын

Yea, I really don't see the point of both of them being a thing. If I own the place I own the place.

@TwoPyramid

3 ай бұрын

@@boffo63 Holding the title means you own the property. The deed is proof it was signed over to you by the former owner.

real estate vs land ownership ( or at least first in line ). I want more than just real estate ownership.

Currently taking my real estate courses and this helped a lot. Thank you

Awesome, thank you

Awesome explanation! Thank you!❤

@TheRealEstateLawyer

4 ай бұрын

Glad it was helpful

I'm curious how having a title and deed still prevents you from ownership in cases like squatting or worse, eminent domain.

@kcgunesq

3 ай бұрын

In general (and every state may have a slightly different answer): the issue of squatting is an artifact of various laws, primarily rental laws, that aren't really designed to permit squatting, but are designed to protect tenants. Combined with the law of adverse possession that have a different focus, and there are edge cases that really stand out. As for eminent domain, the concept is simple. All rights of ownership descend from the sovereign and no title can stand against the sovereign. Eminent domain is the process (in the US) where the sovereign says "we need that land back, here is your money".

Great content. Super useful.

Great video!. Excellent content and delivery.

Those colors look great on you!

Thanks so much for posting this!

@TheRealEstateLawyer

3 ай бұрын

Thanks for watching!

Thank you for this This was really good to know!

Well said. I very much appreciate the direct succinctness of your statement. (seems to be a lost art in recent history) 👍

And in the world of automobiles, all you get is a "certificate of title" - not the actual title but the "certificate" (smaller window of a big piece of paper)

@TheRealEstateLawyer

4 ай бұрын

Automobiles are completely different than houses

@plumbthumbs9584

Ай бұрын

@@TheRealEstateLawyer Ah, but what about mobile homes!?!

We have no titles or deeds in Wyoming. The county clerk said "keep your payoff receipts."

@jamesrevell6475

4 ай бұрын

In Florida we nolonger have deeds or titles. We are given a "Satisfaction of Mortgage" document only. It is a xeroxed copy passed on after each time the property is sold. In my case the property was sold 4 times before finally becoming mine. The document has smudges, scribbling and numerous corrections and notes. Each time the property is sold this nasty illegible document is copied and passed on to the next owner. There is no way to get a new fresh printed document with all scribbles and corrections removed. It's so frustrating. I took my "Satisfaction of Mortgage" document to the courthouse and had the clerk notarize it for me. I was told that getting it notarized was unnecessary since the original copy is what is held on file at the courthouse and all that is required. They would not allow me to view the original. Some of the scribbles and notes are such as during the closing the realtor spelled my name wrong and had to scribble out the mistake and write the correct name. Prior to my ownership the wrong street address was written and corrected. The document is a hideous example of professionalism in the real estate profession. I'm told if I don't feel comfortable with the document than I should get title insurance. How about a new f*cking document instead!

@DarknessFalls29

4 ай бұрын

Wow! Yeah, getting notarized wouldn't make the document any more official than it already is. Notariation is just acknowledging you sign it. It sounds like some serious lobbying needs to happen to get the lands record office to clean up their mess.

@davidcraig7771

3 ай бұрын

This is false information. ​@@jamesrevell6475Florida absolutely conveys property by deeds.

Great and to the point, thank you

Thanks for the info!!!

Thank you. You may cover this point in another video. In WA state when a typical RE transaction is done the title insurance protects the bank's interest. As the new homeowner you should ask the title ins. company for added coverage for yourself. Need to watch the details.

@laguna172

3 ай бұрын

In WA state (and pretty much every state), if you buy a house (or any real estate) and you pay for it using cash and funds from a home loan, you will buy as part of the purchase process, an owner's policy of title insurance which protects your ownership interest in the house. The lender will buy as part of the lending process, a loan policy of title insurance which protects the bank's interest in its collateral (your house). So, you are correct, title insurance does protect the bank's interest by virtue of its loan policy of title insurance but your ownership is insured by virtue of an owner's policy of title insurance. So two (2) policies will be in place at closing. One for you as the buyer/homeowner and one for the bank/lender. You cannot add yourself to the loan policy of title insurance as an additional insured. The lender cannot add itself to your owner's policy of title insurance. If you buy real estate and pay for it 100% in cash with no financing whatsoever, only one title policy will be issued -- an owner's policy of title insurance protecting your ownership interest in the real estate. No banks are involved so no other title policies are issued.

@bugwar5545

2 ай бұрын

@@laguna172 Thanks for that bit of trivia. Ain't that many that can afford cash on the barrel head.

I’m still confused. I think this topic is meant to be confusing in order to keep title search companies in business.

@plumbthumbs9584

Ай бұрын

You and me both, dude.

Great explanation...I was one of those who assumed the two meant the same thing. Thanks!

Thank you for this explanation! I have been struggling to understand the difference.

It is funny when you sell a vehicle the pink slip "Title" is the physical thing that evidences the ownership like the "Deed" does for property.

@killer2600

4 ай бұрын

What's also funny is (at least here) the slip has never been pink.

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@inicMich-rc5wo

2 ай бұрын

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@x0cat711

2 ай бұрын

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2 ай бұрын

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2 ай бұрын

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2 ай бұрын

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Very informative thanks

Thank you for the educational video

Nobody can tell you what to do with the property? No, the government certainly can.

@TheRealEstateLawyer

4 ай бұрын

There’s always restrictions and zoning that one must follow

@Steve-mz7np

4 ай бұрын

I could be wrong but I believe if you have the Queens deed you can do what you like pretty much, I know someone here (Port Hope On)brought 100 loads of fill into a flood plain and no consequences. Recently in Pickering Ontario there is a body of water for sale, no land just water, it’s called Frenchman’s bay, I think the price is 6 million and it comes with a Queens deed, it will be interesting to see how that unfolds, not sure if it sold yet.

@Steve-mz7np

4 ай бұрын

@@TheRealEstateLawyer sorry, didn’t realize you folks are in the US

@gimcrack555

3 ай бұрын

Of course you got to pay your property tax. If anything get constructed near your property. There's that bad word "Eminent domain". I live in the boonies with no neighbors near by. So I do what ever I really want on my property. Never got a permit of any projects on my property. But anything I constructed or build. I design it where it can come apart as removing it from where it stands. If I ever get question about it. I just say I haven't finish making the payments of the structure. Where it can be repossess at anytime.

You never mentioned the: Grant Deed, The Sheriff's Deed, The Tax Deed, The Warranty Deed. When you have the Grant Deed you have all the rights to that property and the right to sale, convey or encumber the property to whomever you desire; So the mother of all Deeds is: ta-daaa- : the Grant Deed!

@fb510m

5 ай бұрын

Senor. She told all that in previous vidos. Calmate. Try to keep up…

@FuhqEwe

4 ай бұрын

She also forgot about the good deed, the indeed, and the misdeed!

@7466ypb

4 ай бұрын

​@@FuhqEwe🤣

@Chris_at_Home

4 ай бұрын

What is a Patent? I have some property that I have that showing ownership.

@jayrussell3796

4 ай бұрын

She also forgot the Doo-Wah-DeeDeed-Ditty-Dum-Ditty-Doo....

This is awesome! I’m actually near your business! That’s great!

Beautiful,thank you

i purchased my home over 30 years ago. should i have a physical deed from that purchase?

@keithwisdom1663

8 ай бұрын

If mortgage is paid in full get deed from bank. Go to bank and they will issue deed😊 30 yrs doesn't mean mortgage has been paid in full

@mettamorph4523

7 ай бұрын

@@keithwisdom1663 a deed is not the same thing as a mortgage satisfaction letter. I have the satisfaction letter. I want to know if I should also have the deed. FYI, A person can have a mortgage and NOT have the deed to a property meaning they are paying a loan on a property that is not theirs. Property belongs to the parties named on the deed. The LOAN belongs to the person named on the mortgage.

@davidcraig7771

3 ай бұрын

Yes, should have received deed at purchase. County clerk should have a copy.

But we never have the title.. Because when the title company records the deed . The deed that binds us into a contract to pay property taxes. They record your name in all capital letters.. Meaning not you..

@blainebromfield8307

11 ай бұрын

Crazy but true. Im here trying to figure this exact issue out. Im trying to buy land but want my allodial title instead of a warranty deed

@JARRETT7121

8 ай бұрын

​@@blainebromfield8307do I search for Steve property tax and listen you'll figure it out

@RagnarLothbrok2222

6 ай бұрын

It’s time to become a state national so you don’t get wrapped up paying the United States corporation. Your ALL Caps trust is what owes property taxes. It’s a corporation. Your human self does not

@Lumalnatti11

5 ай бұрын

@@blainebromfield8307 you already have alloidal title with the full bundle of rights, including all right, title and interest if the property you purchased was sold/granted to you by Warranty Deed, then it is a clear title. if so, no one can take your property from you without stealing and clouding the title. do not ever give up your property because it was paid in full at the closing using your Principal capital, aka, the staw-man... which you are taught erroneously to fear- there is nothing to fear but fear itself. the straw man is your inherent gift of God the All Mighty, not the gift of some corporation.

Well said and well done!

Thanks for the clarification. Good info - thanks! 😁

So if I have full title to the property, I don't have to pay property taxes? I equate property taxes to a form of rent to the actual owner, the county.

@OldBastard-dj6er

2 ай бұрын

LAND PATENTS and ALLODIAL TITLE

@mcnealbrown6273

2 ай бұрын

Property taxes are not rent. They are a fee that land owners pay to their local government for publicly shred services. You don’t get the right to opt out of the fee just because you don’t like or don’t want the services.

@spencerhansen8374

13 күн бұрын

​@@mcnealbrown6273you don't know what you're talking about.

@spencerhansen8374

13 күн бұрын

If you had full title, then yes , you wouldn't pay taxes. Problem is you don't have full title, called allodial title. Good luck getting it, very rare these days. The bundle of title sticks are rarely kept in one name, several different owners of the various sticks .

@mcnealbrown6273

Күн бұрын

@@spencerhansen8374 OK, you just mentioned a titling scenario that’s so rare no one has ever heard of it. But I don’t know what I am talking about? Nice try pal. Taxes are not now nor have they ever been rent. I worked in commercial real estate for 18 years. I handled RE tax payments for dozens of commercial properties. Go take a class…

I was thinking of putting my house in a Trust fund with my sister , so If I die she will get it not the State, what is your thought

@keithwisdom1663

8 ай бұрын

Get a lawyer

@daveb2280

4 ай бұрын

I put my house, car and other belongings into a revocable trust. You will need an attorney to do this. My lawyer only charged $1200 to do both my trust and living will....and that is considered cheap.

@donfrank4429

4 ай бұрын

@daveb2280 thanks I'll look in to that

@aolvaar8792

3 ай бұрын

@@donfrank4429 Many States have Beneficiary Deeds (Transfer on Death) $30 and file it on Top of your Title with the county. Your Sister would only need $30 and a death certificate to get a New Title. This avoids Probate.

@spencerhansen8374

13 күн бұрын

​@@daveb2280the point of a trust is to avoid probate by courts as required with wills, why have both a trust to avoid the will and a will?

Excellent breakdown

Best explanation ever! Thx!

QUESTION: IF THE MORTGAGE WAS TAKING OUT ON A NEW HOME BY MOTHER & SON BUT THE DEED WAS WRITTEN AND SIGNED AS WIFE & HUSBAND. IS THIS A VALID DEED? NOT ONLY THAT, FAMILY BECAME AWARE AFTER SIGNING DEED THAT THE MOTHER HAD DEMEMTIA WHEN SHE SIGNED THE MORTGAGE AND DEED, AND THE SON WAS ALREADY ON SOCIAL SECURITY FOR BEING MENTALLY DISABLED. THE MOTHER DIED RECENTLY AND THE SON GETS THE HOUSE AS HER SURVIVING SPOUSE. IS THE DEED VALID?

@DavidFuentes123

6 ай бұрын

If you are expecting an answer from this lady, forget it, she is only making content for her You tube channel, she knows nothing.

@voidisyinyangvoidisyinyang885

4 ай бұрын

that was covered on Netflix - some crime documentary - sounds like fraud. A son got charged for forcing her mom to sign over the deed.

@vvalasek

4 ай бұрын

If they ar on the deed they should have rights if one dies as a survivor regardless of spouse or not

@spencerhansen8374

13 күн бұрын

In some families.. yes.

As a Traditional Catholic I get the difference. It is a matter of form versus material. Form is the spiritual/non-physical aspect (Title) and the Material is the physical (Deed). In the sacraments the intent and other aspects are the Form whereas the Material are things like water, bread and oil. Thanks for explaining:+) God bless~

You are just awesome ..Ms Real estate lawyer..thnx for great education..cheers..Carl

Great clarification! Thanks..

1) does a Bill Of Sale evidence Title?/Deed? 2) does a Land Patent evidence Title/Deed? 3) if a Deed evidences ownership; HOW is the property Taxable by a State?

@JARRETT7121

8 ай бұрын

If you live there they can't tax a right you know the right to live the right to property but they don't know anything unless you bring it to their attention

@spencerhansen8374

13 күн бұрын

Bill of sale only evidences an exchange. Doesn't mean anything if the seller didn't own what the exchange evidenced. Land patent is one of the higher forms of ownership, you get most of, if not all, the sticks in the bundle. The deed only evidences those sticks of the bundle that are being conveyed. Could be you're not getting all the sticks so you may owe whomever(the state\county) owns the other sticks. They deserve to get paid, in rent form(yearly) for the value of what they have, so you can have beneficial use.

@myd0gr3x

13 күн бұрын

@@spencerhansen8374 Factually, what is the state/State/STATE? some guy named Bob wearing a disguise with a badge and a gun?

Don't get a title or a deed, you are giving the state consent over your property. Get a bill of sale and have it notarized by witnesses with the date and time of the sale.

@Ayverie4

4 ай бұрын

The gov will take what they want in the end... they're not even pretending to adhere to the law anymore

Thank you very much for clearing up the "MUD" for me.

Thank you. Very clear explanation

@TheRealEstateLawyer

4 ай бұрын

Glad it was helpful!

In the United States, you can never own the property entirely as long as it can be taken away from you, if you do not pay property taxes. We basically rent it from the state.

@mojoman2001

3 ай бұрын

All property is taken away when you die. That doesn't mean you don't own it "entirely" at any given moment in time while you are alive.

@paulpaid

2 ай бұрын

​@@mojoman2001 If you think you "own it entirely" at any given moment, stop paying property taxes and you will see who really owns it.

@mojoman2001

2 ай бұрын

​​@@paulpaid -- Maybe I'll sell it and see who really owns it. Or, ask an actual property lawyer. 🤔

@paulpaid

2 ай бұрын

@@mojoman2001 No. Just hold on to your title and do exactly as I suggested. You'll see...😆

@reidgleason7862

Ай бұрын

Just because something can be taken away from you doesn't mean you don't own it. It's actually called seizing an asset when they take your property due to debt caused by taxes, etc. This is similar to saying your not really a free person because if you go break the law they will arrest you. You are free but if you break the law you start to lose those freedoms.

Well if you're talkin about property in the United States the best you can get for your house is a warranty card you will never get a deed for the property because the Federal reserve had swindled United States out of the land😮

Thank you. Good video.

Nicely done 🙂