Tag: deed
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The Rise and Rise of Down Payments
A down payment is the portion of a home’s purchase price the mortgage borrower pays upfront. You knew that. But did you know the median down payment for U.S. homebuyers is now more than $55K+? That’s remarkable. It was less than $45K just last year. Buyers often try to put 20% of the purchase price down.…
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When in Delaware… A Homeowner’s Deed Must Be Filed With the Register of Wills
What happens with Delaware real estate deeds when someone dies? The home’s title (whether the owner dies with or without a will) vests immediately in the beneficiaries’ names. The home county’s Register of Wills sends the deed to the County Assessment Office. That’s how a title is transferred upon death. There’s no need for a…
