The Type Of Title Deeds of Your Property In California
A property deed is a legal document that transfers ownership of real estate. The title and the deed are inextricably linked. That said, a deed must be a physical document.
The following should be included in the deed:
Costs and prices associated with it
The grantee (buyer)
The grantor (seller)
Other applicable parties involved
This safeguards the parties and their assets, ensuring sufficient evidence to uphold the contract in court if necessary.
A deed is used to legally transfer property title and ownership from the grantor to the grantee in real estate transactions. To be entirely withstanding, a deed must be recorded in the County's Clerk of Records office after all required parties have signed it.
You do not lose possession of the property if you fail to file the recorded deed. It becomes more challenging to prove your ownership, which can have a variety of consequences, including the loss of your property to a county tax lien sale.
For any specific information on notarizing your deeds, contact a West Covina Estate Lawyer in California immediately.
Which Property Deed Should I Use?
There are five basic forms of property deeds, each of which is utilized in a distinct context:
This deed is the best in terms of property deeds. It's widely used in real estate transactions. The grantor guarantees the grantee that there were no problems with the property's title and no debts or liens on the land. Not just during that buyer's ownership time but during the property's whole history.
The grantor assures the grantee that there have been no difficulties with the property's title over its entire lifetime. The grantor uses this deed to inform the grantee that they have the complete legal authority to sell the property and that it is free of debts and liens.