home loan refinancing va

usa home loan refinancing va brokers

someone else's life." A life estate pur autre vie is most commonly created in one of two circumstances. First, when the owner home loan refinancing va property conveys his interest in that property to another person, for the life of a third person. For example if Joey conveys Blackacre home loan refinancing va Rachel during the life of Monica, then Rachel owns the land for as long as Monica lives; if Rachel dies before Monica, Rachel's heirs will inherit the land, and will continue to own it for as long as Monica lives. Second, if Joey conveys Blackacre to Monica for life, Monica can then sell the life estate to Rachel. Again, Rachel and Rachel's heirs will own the land for as long as Monica home loan refinancing va In either scenario, once Monica dies, the ownership of the land will revert to Joey. If Joey has died, ownership home loan refinancing va revert to Joey's heirs. The right to succeed to ownership of the property upon the expiration of the life estate is called a remainder.