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Pomona California Form 12277: What You Should Know
Gross proceeds of sale, less mortgage and other debt. However, as per the terms of my division, the house will be my sole responsibility. In order to do this, I need to take action first. I can go to the Title and Trust Office (T&T), or the DMV, or a lawyer, or an attorney. What should I do? The next step is with the court. I have two options. I can obtain a Certificate of Title (Form T&T), if the court issues one, stating that I, my partner, and I together, own property. If this certificate is granted, the court will issue me the right to take title off the house. If the court finds the certificate is not correct, it can require additional proof of ownership to secure the title. I could also go to the T&T and apply for a tax lien cancellation certificate to remove the liens. I do not want to go through this process again. Furthermore, I want a clean slate. What if I go to a T&T and the Lender refuses to cancel the lien? My partner and I have filed for bankruptcy. There is still some equity in the house. We have not filed for bankruptcy to keep our home. We will go through the court process if the court decides that the T&T is wrong. What's the problem with Title and Trust Office Tots? If a Title and Trust office (T&T) process determines that there are no liens on the property, no liens are required to be canceled, which is true under federal law. This is a federal rule for a property which is not owned by a decedent and in which the borrower is not a co-owner. However, if the T&T states, “You are the owner of the property, you must cancel this lien.” or, “You need to use your judgment to determine if the lien is accurate and, if it is, you must cancel this lien.” then the lien will remain. The problem lies in this statement. The “not owning this property” statement is not true. In some cases, the “not holding this property” statement is not true as well. It can actually lead to the lien remaining and in some cases, you will need to make an appointment with the bank to remove the liens.
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