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Through this action, the Rural Housing Service (RHS) amends its regulations for the Direct Single Family Housing Loans by reinstating language in the Single Family Housing (SFH) recapture regulation to enable full repayment of the entire subsidy in event of foreclosure or deed-in-lieu of foreclosure (voluntary conveyance). This action clarifies that in the event of foreclosure or deed-in-lieu of foreclosure (voluntary conveyance) the RHS will recapture the full subsidy from the value of the property.
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summary judgment, evidence, conveyance, deed, fee simple interest, reservation, proposed street
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A conveyance of real estate is a transfer of real estate from one person to another. A deed is one form of conveyance, transferring a title to real estate from one person to another. Title means ownership of real estate. The person transferring title is known as the "grantor" and the person receiving the title is known as the "grantee." There are several types of deeds. One form of deed is a . A is a deed which warrants good and clear title to the real estate transferred. In many states, it often includes some or all of the following covenants: seisin, quiet enjoyment, right to convey, freedom from encumbrances and defense of title against all claims. Covenant of seisin is an agreement, contract, or promise that the grantor possesses a quantity and qu...
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A lawyer could not be sued by the beneficiaries of a will for allegedly making a mistake that increased the tax liability for his client's estate, the Ohio Supreme Court has ruled in affirming judgment. The defendant drafted a will for a client. The will named the client's three children as beneficiaries. Before the client's death, the defendant assisted her in conveying her farm to one of her sons. As a result of the transfer, the client's remaining assets had to be sold to pay state and federal estate taxes.
The client's other two children sued the defendant for malpractice, alleging that he was negligent for failing to advise the client about the tax consequences of the conveyance of the farm and in drafting the deed for the transaction.
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Trial courts order requiring conveyance of foreclosed property to mortgagee by Commissioners deed, in lieu of a judicially-ordered sale, exceeded the permissible remedy under equity and the Ohio Revised Code. R.C. 2329.34, which authorizes conveyances by master commissioner, did not apply to the circumstances presented. Trial court was required to order that the property be sold in accordance with R.C. 2323.07 and R.C. Chapter 2329. Judgment reversed and case remanded for further proceedings.
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Notice of Sale Under Power. State of Georgia, County of RICHMOND. Under and by virtue of the Power of Sale contained in a Deed to Secure Debt given by SAMANTHA BULLARD to FIRST BANK MORTGAGE A DIVISION OF FIRST BANK OF GEORGIA , dated 01/31/2002, and Recorded on 02/11/2002 as Book No. 00774 and Page No. 0616, RICHMOND County, Georgia records, as last assigned to CHASE HOME FINANCE, LLC, by assignment, conveying the after-described property to secure a Note of even date in the original principal amount of $96,387.00, with interest at the rate specified therein, there will be sold by the undersigned at public outcry to the highest bidder for cash at the RICHMOND County Courthouse within the legal hours of sale on the first Tuesday in July, 2009, the following described property: ALL THAT...
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Trial courts order of conveyance of the defendants real estate by Commissioners deed, in lieu of a judicial sale of the foreclosed property, is contrary to the Ohio Revised Code. Judgment reversed and matter remanded.
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Manifest weight – damages, gas and oil lease, right of access, deed, permanent injunction, extrinsic evidence – lease contract, conveyance – right of access.