Conveyanceis the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyance—a legal document such as a contract, leas...
Property conveyance is a procedure that is used for transferring the legal ownership of property between parties. The main...
Conveyance The act by which the title to property, esp. real estate, is transferred; transfer of ownership; an instrument in writing (as a deed or mortgage), by which the title to property is conveyed from one person to another. [He] found the conveyances in law to be so firm, that...
A deed of reconveyance signifies the complete repayment of your mortgage loan and the removal of any liens against the property. Learn more about how it works.
In the real estate world, the document that used to be called a settlement statement has evolved over time into what is now known as a closing disclosure. However, many still use the term, so you might come across it in the process of closing your mortgage loan. A settlement statement ...
One little fee tacked onto your final settlement is the real estate transfer tax, also known as adeed transfer tax, stamp tax, conveyance tax, or documentary transfer tax — and it’s not one many sellers instantly recognize. Ultimately, the purpose of this tax is the same as others: to...
Selling a homeis a massive transaction, with dozens of associated expenses and mountains of documents. A seller net sheet, or real estate net sheet, is one of these documents. It contains an itemized breakdown of all of the closing costs you’ll pay, and an estimate of the sum you’ll ...
Estate – the total property owned by someone or the interest of an owner in the property Conveyance – transfer of property ownership from one person to another Deed – a written document that identifies the property owner and describes the property’s metrics and location.Legal...
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...
Understanding Voluntary Conveyance Voluntary conveyance, like any sale of real estate, is a form of voluntary property transfer. Voluntary conveyance is distinguished, however, by the lack of adequate consideration given to the seller. Consideration is a legal term that refers to the compensation given...