Tag: real estate deeds
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Transferring Property to Family: What to Know About Gift Deeds
A gift deed signifies a voluntarily title transfer from a “grantor” (the giver) to a “grantee” (recipient). Recipients are often loved ones or charities. A home’s transfer through a gift deed happens without consideration — meaning no money or thing of value is given in return. The deed states that the title is conveyed for…
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Time for an Estate Planning Review? Check for 9 Common Deed Mistakes
Creating an estate plan is a wonderful thing to do for your loved ones. And it’s actually never too early to do your estate planning. Every homeowner should be confident that their intentions will be carried out, according to clear, effective documents. So, let’s briefly go over nine common mistakes to look out for when…
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When Do You Need a Warranty Deed?
Sometimes it’s best to use a warranty deed to transfer property. It’s common whenever there’s a seller and buyer who didn’t know each other before their deal. In fact, a mortgage lender or insurance company could insist on a transfer by warranty deed. But why? A warranty deed transfers a title with certain protections. This…
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Can I Add a New Name to a Deed Without the Current Co-Owner’s OK?
If two people are on the deed to a house, can one party add someone else to the deed without the other deed owner’s permission? Maybe the owners are a senior and an adult child. Can the younger owner legally add a marriage partner to the deed without the senior owner’s go-ahead? First, a basic…
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Ohio’s County Deed Recorders on the Verge of Digitization
Plus, New Provisions to Prevent Deed Fraud Senate Bill 94, sponsored by the two Republican State Senators Al Landis and Andrew Brenner, has successfully passed in the Ohio Senate. Its goal? Modernizing the 88 county recorders’ offices throughout Ohio.
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Oregon HB 2029 and Its Impact on Real Estate Deeds
In a significant move to improve the legibility and accessibility of recorded documents, Oregon has passed House Bill 2029, which comes into effect on January 1, 2024. This bill amends Oregon Revised Statute 205.232, specifically raising the minimum font size for recorded documents from 8-point to 10-point type.
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What is a Special Warranty Deed?
If you’re like most people planning to make a real estate purchase, you want to know that the property you’re purchasing is actually owned by the seller, that it’s in reasonably good shape, and that the title is free of defects. Real estate transactions aren’t always as seamless or clean as buyers might like, though.…
