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There is no simple way to reverse a life estate because a life estate deed is a legal transfer of the title of a property. This is legally binding and the transaction is complete when the life estate is executed. Essentially, in order to reverse a life estate both parties would need to agree to make it happen.
Cent. Code § 30.1-32.1-02. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.
Contract for Deed. - After, a contract for deed has been signed by the parties, the vendor retains the legal title to the land until the vendee has fully performed the terms of the contract. However, the law regards the vendee, as the owner of the property for most purposes, since the vendee ordinarily gets the.
What is an Affidavit of Affixation? An Affidavit of Affixation establishes an affixed manufactured home as real estate. The Affidavit of Affixation is recorded with the land office in the county where the real property is affixed.