Taking Responsibility To Prepare a Real Estate Deed
The real estate deed is a type of
document which is used to transfer property from one authority to
another. It includes present owner’s name and also the to-be owner’s
name. Along with that it also includes a description of the property.
The seller’s signature which is put on the deed means that it is his/her
intent to transfer the title to the new buyer. The deed is prepared for closing for the home on the name of the current seller.
Acceptance
and Delivery — The real estate deed must have signatures made by both
the seller and the notarized. There are few states where it is required
to have witness signatures on the deed. The buyer is however not
involved to sign the deed. The seller’s attorney is entirely responsible
for giving away the deed to the buyer, and the buyer must also accept
the deed graciously.
Title Search —
Before the title is transferred to the buyer, the attorney of the buyer
must perform a mandatory title search in order to determine if the
seller’s title to the given property matches accurately to the purchase
agreement. A title search will also ensure that the seller can transfer
the title to property that is liens free, as and when the seller makes
use of a warranty deed instead of a quitclaim.
Recording
— The real estate deed needs to be prepared very accurately. This is to
make sure that any title confusions and anomalies are not present in
it. The buyer also needs to record the deed at the office of the
recorder in the location where the property is situated. This can be
used to offer constructive notice to any individual who claims title to
the property in the future.
Consider this blog post and make sure to use the best service to get the deeds prepared at time of closing.
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