An individual who holds title to real property is free to transfer all or any part of his title to another individual. A transfer of title generally takes place through the execution of a deed. A deed contains a legal description of the land and the signature of the grantor and must be delivered to […]Continue Reading... Comments Off on The Covenants Implied in a General Warranty Deed
Upon purchasing property, the buyer obtains a deed to the home. The deed is a signed document that verifies the buyer’s ownership of the property. The property deed therefore functions as the legal vehicle for transferring ownership of property. However, there is a distinction between owning the deed and having title. The documentation does not […]Continue Reading... Comments Off on Understanding the Difference Between a Title and a Deed
Unlike contracts for the sale of commercial property, the terms of a residential purchase contract are fairly standard. The attorney for the seller typically prepares the contract for sale on a standard form with an attached rider to address more specific issues related to the transaction or the buyer’s needs. Below is an overview of […]Continue Reading... Comments Off on Negotiating Residential Property Purchases
A real estate deed conveys an interest in a parcel of real property to another party. There are several types of deeds which vary with respect to the guarantees contained therein. The scope of the interest acquired by the purchaser is dependent on which deed is conveyed upon transfer. In general, the purchaser seeks to […]Continue Reading... Comments Off on What does a Purchaser Acquire Under a Warranty Deed?
A real estate deed transfers ownership, or title, of the property from one party to another. The deed contains a proper legal description of the property and identifies the buyer and seller. The deed must be signed, witnessed and notarized by the seller to affirm his assent to transfer his interest in the property. The […]Continue Reading... Comments Off on The Role of an Attorney in Preparing a Deed