Real Estate Deeds Made Easy Since 1997 – Deeds.com
-
What can the buyer do when a real estate deed carries an incorrect legal description of the property? Perhaps it describes the wrong parcel, or fails to reflect all land purchased in the sale. An error in a legal description of a property…
-
The Quitclaim Deed’s Function in a Contract for Deed Sale
A contract for deed sale can present a convenient alternative to the traditional real estate conveyance. In this owner-financed deal, the buyer usually lives on the property upon the execution of the contract. While enjoying the property, the buyer pays for it in monthly…
-
What is a Life Estate?
You may know of someone with “life rights” to a property. They are known as life tenants, and the persons involved have the right to occupy and use their property for the rest of their lives. This is known as…
-
The Real Estate Deal, Decluttered: Blockchain and Deed Recording
Throughout the past decade, blockchain technology has evolved from an upstart concept to early adoption in banking and a host of other industries. Many people are eager to learn about blockchain and how it can change the way we do business.…
-
Understanding the Deed in Lieu of Foreclosure Process
Losing a home to foreclosure is devastating, no matter the circumstances. To avoid the actual foreclosure process, the homeowner may opt to use a deed in lieu of foreclosure, also known as a mortgage release. In simplest terms, a deed…
-
MyDec to be Required for All Cook County Illinois Real Estate Conveyances
Effective January 21, 2019, prior to recording, all Cook County property conveyance instruments must be accompanied by an electronically-completed Cook County Real Estate Transfer Tax Declaration, aka, a “MyDec,” which can be completed via the Illinois Department of Revenue’s MyDec…
-
Name Changes and the Real Estate Deed
If you have an interest in a piece of real estate, your ownership is reflected by your name on the deed. There are all sorts of reasons, short of a sale or purchase, requiring a name change on a real…
-
A Reunified Estate: Bringing the Mineral and Surface Rights Back Together for Real Property
When purchasing real estate, it is common for surface rights to convey to the buyer. But there are also subsurface rights, such as gas, oil, and mineral rights, that do not always transfer. For any buyer in a real estate…
-
What is a Contract for Deed?
If you’ve been turned down for a home loan from a traditional mortgage lender, don’t despair. You have options, and one of them may be a contract for deed. Also known as an installment agreement or land contract, a contract…
-
Probate Creditors’ Rights Under Texas Law
Paying off the decedent’s debts is one of the primary duties of an estate’s executor or administrator. Failing to do this can lead to personal liability on the executor or administrator’s part. The estate’s creditors have rights under Texas probate…
-
California Mechanic’s Lien Process
Most real estate owners will, at some point, use a contractor to build or improve upon their property. This is generally a straightforward process wherein the contractor arranges the project according to the terms of the contract, and sees it…
-
Mortgages, Security Instruments, and Promissory Notes in Alabama
The short definition of a mortgage is that it’s a loan used to purchase real property. In Alabama, the mortgage is comprised of two parts: the security instrument and the promissory note. A security instrument is a specific type of…
-
Gift Deeds and Gifts of Real Property
A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee), typically between family members or close friends. Gift deeds are…
-
Giving Up Ownership of Real Estate When You’re Still on the Mortgage
It’s every homeowner’s nightmare scenario: you get a phone call from a mortgage company, telling you your home is in foreclosure and that you must pay now or face an avalanche of debt and legal actions. But you signed the…
-
What is a Mechanic’s Lien?
The complete guide to the mechanic’s lien process. In general, a lien is a type of property right which grants a creditor an interest over specific property of the debtor named in the lien. The lien is used as security…
