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How to Hide Tick in the Hypothec On Movables

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- Hey guys, Clint Coons here, and in this video, I want to talk about the use of deeds, and put a little different spin on it that you may not be aware of, on how you can go about deeding your property without anybody knowing. Okay, lets get started. (lively rock music) All right, so heres the deal. If youve bought property before, you know what a deed, how a deed works, right? People get a deed, they transfer property to someone. You receive your deed if youve bought the property. You take that deed down to the county recorder. You record it right away. And now youre listed as the legal owner on title to that real estate, so the whole world at large knows. So a lot of people assume that in order to transfer title for a legally enforceable deed, you have to record it. Well, that is not the case. When youre transferring title to property, the recording aspect of a deed isnt necessary. Now, its important. Dont get me wrong, all right? You want to protect yourself against claims

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What is the meaning of Hypotec?

hīˈ- plural -s. Roman civil law : an obligation, right, or security given by contract or by operation of law to a creditor over property of the debtor without transfer of possession or title to the creditor compare pignus, pledge.

What does hypothecate mean in law?

Hypothecate means to pledge something as security for a loan, without the actual delivery of the item pledged. For example, a car may be collateral for a car loan, although possession remains with the borrower.

What is a hypothec right?

Legal hypothecs are rights given to married women over the property of their husbands, and to children and incapacitated individuals over the property of their guardians. This is to protect them against any mismanagement by the husband or guardian of their own or common property.

What is a hypothecary loan?

This is called a hypothecary loan contract, (or deed of hypothec) loosely referred to as an umbrella mortgage. This type of mortgage does not automatically terminate when the mortgage loan is paid off, because the mortgage stands as security against the borrowers future obligations.

What is a hypothec English law?

A hypothec is a right of security held by a creditor over the property of a debtor without possession of it, and is created either by agreement or operation of law.

What is the difference between a hypothec and a pledge?

Whereas a pledge operates by bailment and transfers possession on delivery and a chattel mortgage operates by conveyance and transfers title, a hypothec operates by hypothecation and transfers neither possession nor title.

What is a hypothec in English?

hypothec. hə̇ˈpthik, hīˈ- plural -s. Roman civil law : an obligation, right, or security given by contract or by operation of law to a creditor over property of the debtor without transfer of possession or title to the creditor compare pignus, pledge.

What is movable hypothec?

A movable hypothec with delivery is also called a pledge. The concept is simple: a movable hypothec is created when the debtor delivers the property to the creditor. If the creditor already has the property, the hypothec is created when the debtor agrees to let the creditor keep it.

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Hide Tick in the Hypothec On Movables