Where can I get a warranty deed for my property?
Where can I get a warranty deed for my property?
Getting a warranty deed typically requires a title search, which can be costly and time-consuming. Get a copy of the current deed. The deed to the property is kept at the county recorder’s office in the county where the property is located. Start by calling the recorder’s office and requesting a copy of the deed.
What happens if I add my child’s name to my deed?
If you simply add your child’s name to your existing deed, he won’t necessarily have rights of survivorship. He won’t automatically inherit your share of the property when you die. Adding the name only gives him an ownership interest in the house both currently and in the future, while your own ownership interest would still be subject to probate.
What is a special warranty deed for real estate?
A special warranty deed protects a grantee against any issues or claims that might have arisen during the time the grantor owned the property entirely. It doesn’t apply to the entire history of the property, as the property’s whole history isn’t likely known by the current owner.
What’s the difference between a deed and a warranty deed?
Beside this, what is the difference between a deed and a warranty deed? They serve different purposes and are signed by different parties. The warranty deed transfers the property’s ownership from the current owner to the new buyer, while the deed of trust ensures the lender has interest in the property in the event a buyer defaults on the loan.
When do you need a warranty deed for a property?
A Warranty Deed is a real estate document used when a property owner (grantor) transfers land to a buyer (grantee), and wishes to make a guarantee that the property is free and clear of any encumbrances, like a lien or mortgage.
Is it bad to put your daughter on your deed?
It is generally a very bad idea to put your son or daughter on your deed, bank accounts, or any other assets you own. Here is why—when you place your child on your deed or account you are legally giving them partial ownership of your property. Thus, if your son or daughter get divorced, file bankruptcy,…
Can a mother change her mind and deed the property to another child?
If the mother later changes her mind and deeds the property to another child or to someone else (who had no knowledge of the first deed) and that person records the deed, the second deed holder would most likely be the owner of the property, Konopka said.
How is a quitclaim deed different from a warranty deed?
While a Warranty Deed guarantees that there are no other existing claims on the property, a Quitclaim Deed does not. Both deeds transfer interest in a property from a grantor (property owner) to a grantee or buyer. Quitclaim Deeds are often used between people who know each other well, such as family members,…