A property deed is usually one or two pages long, and the contents depend on what type of deed it is (more on that below), as well as the property type and location. Generally, a deed contains a few key pieces of information:
The primary benefit of vesting a warranty deed is the inherent guarantee of the deed. For an individual purchasing or receiving property, there is a great deal of security in knowing that the person who vested the deed is financially responsible for any legal proceedings that may result should ...
Any debt incurred through fraud Penalties, fines and compensation orders imposed by any court. Maintenance that you are obligated to pay to an ex-spouse under a court order Any money owed to a creditor, whose debt is secured on your property (for example, a mortgage or secured loan).Struggl...
When it comes to purchasing real property, there are a number of different types of deeds that may be tendered. A deed is a legal document that confers ownership, and there are three main types: the quitclaim deed, the general warranty deed and the special warranty deed. A special warranty...
How much does a property survey cost? The cost of a property survey depends on the type of survey conducted, the scope of the assessment, its physical location, the time of the year and who you decide to hire, among other variables. An important factor is the size of the property since...
Another example is an affidavit of survivorship, a legal document prepared by or on behalf of the surviving member of group of people who hold property jointly, used to transfer the deed into the survivor's name after the other members of the partnership die. An affidavit of deed in lieu ...
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
Besides grant deeds, there are other types of deeds used to transfer ownership of real property. A quitclaim deed, for example, also transfers property rights, interest, and ownership from the grantor to the grantee, but it does not usually guarantee that the grantor's ownership is free oflie...
There are several types of grant deeds, depending on who transfers property to whom. For example, an interspousal transfer grant deed is used to transfer real estate from one spouse to another (often during a divorce). Content All deeds must contain the names of the grantor and the grantee...
Trust Deed vs. Mortgage Trust deeds and mortgages are both used in bank and private loans for creatinglienson real estate, and both are typically recorded as debt in the county where the property is located. However, there are some differences. ...