Can a counterpart be signed with a principal deed?
The legal requirements refer to ‘a document’ which is signed by two people, not to multiple documents. In addition, a ‘counterpart’ has been held to be a separate deed which, when taken together with the principal deed and any other counterparts, forms one deed.
Can a beneficiary deed be used to sell a property?
You can file a beneficiary deed. That says that upon your death, she has title to the property. Until you die, you own the property, you can sell, mortgage it or do anything else you want to do with it. * This will flag comments for moderators to take action.
Can a couple buy a home together as co owners?
If one of you has a much better credit rating than the other, the temptation will be for only that person to apply for the loan. Such a move is not, however, wise if both of you will be named on the property title as co-owners.
Is it legal to have both names on the deed to a house?
Remember that in just about every state, having both names on the deed to the house creates a legal presumption that you are 50-50 owners, and anyone claiming a different percentage has to prove the existence of an agreement saying so (often in writing).
Can a grant deed be transferred to a family member?
Warranty deeds, sometimes called grant deeds, come with a guarantee to the new property owner that you have good title to the property and no one else has any stake in it or claim to it. Because they are so complicated, warranty deeds typically aren’t used to transfer a house to a family member when no money is exchanged.
Can a family member Sue you for a quitclaim deed?
With a quitclaim deed, there is no risk that you might be sued by your family member or a future buyer if it turns out there’s something wrong with the deed and you didn’t have full ownership of the house, because a quitclaim deed only transfers whatever claim of ownership you have.
What happens if you change your mind on a house deed?
After you’ve signed it, you must record it yourself at your county recorder’s office. Otherwise, no one will know it exists and it may never take effect. You may change your mind at any time and make another deed. You retain all title and ownership in your property until you die.
Which is the best way to transfer a house deed?
Title insurance provides better protection against any defects in your title, either disclosed or hidden, that could cloud your deed with problems or even negate your transfer. Title insurance is expensive, and typically the cost is split between the original owner and the future owner. Complete the deed.