Real Estate Deeds Made Easy Since 1997 – Deeds.com
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Many people hope to buy homes, but struggle to qualify for loans. And this means millions of first-time buyers are deferring their dreams of homeownership until they are in a stronger position to qualify for a mortgage loan. Today’s renters are renting longer—often not by…
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How Real Estate Legal Descriptions and Surveys Work Together
Real estate transactions involving home sales, deeds, mortgage loans, or deeds of trust all rely on a binding legal description. Mortgage companies, for example, need to be sure that the property is well described—and worth the money they lend to a buyer. A properly written legal description sets…
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How Getting a Mortgage With a Co-Borrower Affects the Deed
Loan underwriters are hard to please. When a mortgage loan approval eludes the hopeful homebuyer, another signature on the papers might be the only way to move forward.
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The Land Trust Approach to Affordable Housing
Rises in property values are great news for city homeowners. On the other side of the coin, they make the home buying journey that much steeper for buyers. Gentrification of near-downtown areas can make personal finances harder to handle, as property taxes go up. This…
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The Real Estate Easement: A Guide and Glossary
An easement is a right to use another’s land for a specific purpose not inconsistent with the landowner’s simultaneous right to hold the same property. The word is derived from the Old French term aisier: to assist. This legal right to use land that…
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Is a Hurtful Deed Restriction Lurking in Your Deed?
Restrictive covenants are binding obligations not to do something with your property. These restrictions on real property are normally contained in a deed. Restrictive covenants originated to keep industry out of residential areas. To this day, homeowners’ associations use deed restrictions…
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Nevada Clarifies Mortgage Law, But What About Deed of Trust Lender Entry Provisions?
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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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.…