Create Legal North Dakota Mortgages Forms For Free

No owner of real estate, or owner of any equity therein, who shall make or execute a contract for deed, bond for deed, or other instrument for the future conveyance of any such real estate or equity therein, shall have the right to declare a cancellation, termination, or forfeiture thereof or thereunder, except upon ...

A North Dakota property owner may transfer or retitle real estate during the owner's life using a signed, written deed. A North Dakota deed must satisfy the legal requirements described below to be eligible for recording and to legally transfer title to the new owner.

North Dakota Deed Forms Laws ? Title 47 (Property), Chapters 47-10 & 47-19. Recording (NDCC, 47-19-07) ? All deeds should be filed with the County Recorder's Office in the jurisdiction of the property. Signing (NDCC, 47-19-03) ? All deeds must be sworn by the Grantor(s) signing in front of a Notary Public.

A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.

Deeds have to be written, whereas a contract can be verbal and written. contracts require 'consideration' (i.e. something is given in return), deeds do not. deeds must state that there is an intention to be a deed.

Definition of 'Master Mortgage' The Master Mortgage is a document created when a property is purchased for the first time. It is filed in the public land records and its purpose is to keep track of the initial mortgage and of any liens that might be associated with the property.