Real Estate Deeds Made Easy Since 1997 – Deeds.com
-
In May 2019, effective October 1, 2019, Nevada passed Senate Bill 382 amending the law pertaining to deeds of trust, foreclosure sales, and homeowners’ associations. Among other things, this is a change to Nevada Revised Statute § 40.050, whose language states that a mortgage of real property is…
-
The Gift of Real Estate: What You Need to Know
Making a home into a gift involves a gift deed. The gift deed legally transfers the title of the property from you, the grantor or donor, to another person or entity. This type of conveyance may be used to convey property as a gift from one…
-
Real Estate Title Insurance: A Brief Explanation
Title insurance emerged more than a century ago. It had a purpose: to stop swindlers from cheating buyers, by ascertaining that land was, in fact, owned by the person selling it. Since then, it has grown into a multi-billion-dollar business. And while…
-
Why Do Real Estate Deeds Require a Notary?
A notary’s acknowledgement is vital to the integrity of the residential property deed. Why? The real estate deed is a formalinstrument. It must verify the grantor’s interest in, and right to convey, the property. It must protect the interest transferred to the grantee. Notarization…
-
Estate Planning for Your Real Estate Holdings
Real estate can be a fantastic investment. It is often considered one of the most stable money moves that you can make if you are looking for a way to see real return on a business venture, sometimes with little…
-
What Is a Deed of Trust?
With a deed of trust, a buyer pledges an interest in real estate to secure a loan. In some states this takes the place of a mortgage document. (For a list of states commonly using deeds of trust see the…
-
Holding Real Estate in a Trust-Or an LLC
Trusts and limited liability companies, or LLCs, can hold real estate for tax advantages or avoidance of the probate process. Some homeowners work in high-risk careers or own their businesses, and wish to keep the home from becoming vulnerable to lawsuits.…
-
Recording Real Estate Documents: Time is Priority
State recording acts enable people to determine whose interest prevails if interests in the same property have been conveyed to several parties. For instance, what if a piece of real estate has several encumbrances: mortgage debt, a mechanic’s lien, and others? We need to know…
-
The Abstract of Title in Real Estate: What Is It?
An abstract of title is a written chronology of all recorded documents and proceedings related to a specific piece of real estate. It shows the names of all the owners, how long each held title, and what each paid for the property.…
-
Preferred Pronouns in Real Estate Deeds
Corey McCann is closing on a condo. Corey has just one more question for the title company agent: I wonder why, in the definitions in the mortgage agreement for the recorder’s office, I’m called “Corey McCann, a single woman.” Only my…
-
The Transmutation of Real Estate Ownership Between Married Couples in Community Property States
If you are married and live in a community property state, you and your spouse may not think about whether certain assets are community or separate property. The former is generally all property acquired during the marriage, and the latter…
-
Don’t Quit Your Claim! A Quitclaim Deed Is Not a Mortgage Saving or Estate Planning Tool
A quitclaim deed conveys—”quits”—a person’s interest in a property to someone else. Quitclaims prove useful in certain transfers of properties among family members or between divorcing spouses. The quitclaim allows separating partners to follow a court’s direction and leave one party…
-
Your Real Estate and Probate
When a person dies, the property owned by the deceased person—alone, or in the names of the deceased and another person without survivorship rights—finds its way to the county probate court. If the deceased person co-owned property, and the living…
-
Conveying Real Estate Through a Power of Attorney
A power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person’s behalf. The POA document often appears in the world of real estate transactions. A person (called the principal) might require a stand-in to sign…
-
You’ve Paid Off the Mortgage. What Happens Now?
Congratulations! Paying off a mortgage is an impressive milestone. Now that you have paid off all the debt on your property, your home state’s law will direct your lender to take certain actions. The lender will send you a certificate of satisfaction. This…
