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| Zombie Titles and Foreclosures |
| The housing bust and foreclosure crisis in America has left many homeowners facing some serious financial and housing issues, but it has also introduced another scary situation for homeowners who have defaulted on their mortgages: Zombie Titles. It m... |
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| How to Correct a Recorded Real Estate Deed in Oregon |
| A previously recorded deed can be corrected by attaching a new cover sheet that contains the re-recording statement required by Oregon statutes.
If your instrument is recorded and later found to have missing, incomplete, or incorrect information, ... |
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| Adding a Person to a Deed Using a Quitclaim Deed |
| One of the most common incorrect assumptions in real estate is that someone can be added to a deed. If one person owns a piece of real estate and wants to bring on another owner, this means that the current owner would give up their interest in the p... |
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| Affidavit of Deed |
| An affidavit is a sworn statement, made in front of a notary or other officer authorized to administer oaths. An affidavit of deed confirms delivery and acceptance of a deed by the grantee, and thereby its validity. It is a useful document because mo... |
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| Indiana Transfer on Death (Ladybird) Deed |
| Indiana outlines the rules for its transfer on death deed in IC § 32-17-14 – the “Transfer on Death Property Act.” The act, which became effective on July 1, 2009, gives owners/grantors of real estate in Indiana the ability to initiate, but no... |
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| Understanding the Utah Water Rights Addendum |
| A person submitting a deed for recordation to a county recorder’s office in Utah is required to also submit an attached Water Rights Addendum, as of July 1, 2011. This becomes part of the deed and is recorded along with it. The form for this is pro... |
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| Removing a Deceased Joint Tenant from an Ohio Real Estate Deed |
| Removing a deceased joint tenant’s (or survivorship tenant’s) name from a real estate deed in Ohio is a fairly simple process. Once the beneficiary or co-tenant obtains an official copy of the decedent’s death certificate, he or she completes a... |
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| Estate Planning in Michigan Using a Ladybird Deed |
| Michigan Ladybird Deed
(Warranty Deed with Enhanced Life Estate and Power of Appointment)
When correctly executed and recorded, this deed provides the structure for a non-testamentary transfer of real property. Leaving the real property out of a ... |
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| Ohio Medicaid Estate Recovery Program and Form Information |
| Ohio Notice to Medicaid Estate Recovery Program Form
In order to comply with Ohio’s Medicaid Estate Recovery Program, beneficiaries of a transfer on death instrument (transfer on death deeds before 2009, transfer on death designation affidavits ... |
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| Illinois Transfer on Death Instrument |
| On January 1, 2012, the Illinois Residential Real Property Transfer on Death Instrument Act (755 ILCS 27) went into effect. With it, owners of residential real property in Illinois have a new choice for non-probate asset allocation—the transfer on ... |
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| Short Form Deed of Trust |
| A deed of trust (DOT), also known as a trust deed, is a document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) repays the lender according to terms defined in an attached promissory note. It’s ... |
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| Promissory Note |
| A promissory note is a negotiable instrument that defines the details of a loan.
This document should contain specific information:
• Borrower
• Lender
• Amount of loan
• Interest charged
• Minimum payment amount
• Due date
•... |
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| What is an Affidavit? |
| An affidavit is a document containing an individual’s voluntary sworn statement, given in front of a notary or another official who is authorized to administer oaths. While affidavits have many different uses, one of their most important aspects is... |
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| Land Registration System in Ohio |
| The Torrens System was enacted in Ohio in 1913 and is still used in parts of the state. The original goal of the Torrens System of land registry was to compile all records relating to a parcel on a single certificate as a way to simplify record-keepi... |
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| Abstract and Torrens Property in Minnesota |
| There are two different ways of owning and indexing real property in Minnesota: Abstract Title and Torrens (Registered). Registered land is more common around the Twin Cities area while rural areas have more Abstract land. The Torrens System has been... |
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| Recorded Land and Registered Land in Massachusetts |
| The Torrens Act (Registered Land) is modeled after Sir Robert Torrens, an Australian customs administrator who encountered a system of recording ownership of ships in the 1850s. This system eventually spread to English speaking countries. Under the R... |
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| Affidavits and Re-recorded Real Property Documents in Utah |
| An error in a document can be corrected in one of three ways:
1. By recording an affidavit.
2. By re-recording the document.
3. By recording a new document.
AFFIDAVIT
When deciding if a document needs to be corrected, it is best to fir... |
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| Power of Attorney for Finances |
| A power of attorney (POA) for finances is a document in which one person (the principal) authorizes another person to act as his or her agent, or attorney-in-fact, for only finance-related legal matters. These powers can be broadly or narrowly define... |
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| Using a Real Estate Deed to Transfer Property |
| A real estate deed is a legal instrument with the purpose of assigning ownership of real estate property and of transferring the title to land as well as its improvements. A deed can transfer property by use of words like granting, conveying, or assi... |
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| General Real Estate Deed Information |
| The term “real estate deed” encompasses many different types of instruments, each with an express purpose. Some of the most common types of real estate deeds are quitclaim deeds, deeds of trust, warranty deeds, and deeds in lieu of foreclosure.
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