Get Kass Management Services Lease Application (v9.13)

A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known as a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels.

How To Assign A Real Estate Contract Find the right property. Acquire a real estate contract template. Submit the contract. Assign the contract. Collect the fee.

Notarization. The current owner's execution of the deed must be acknowledged before a notary or other authorized officer. Notarization should use substantially the same acknowledgement form as set forth in South Carolina's statute.

The new owner or other person requesting recording must present to the register of deeds a completed affidavit for taxable or exempt transfers when filing a South Carolina deed. The affidavit calculates the deed recording fee—attesting to the property's value or the reason the deed is tax-exempt.

In the state of South Carolina, a deed recording fee is required when a property changes ownership. This is charged by the state for entering the transfer ownership change into public records. It is customary for the seller of the property to pay all real estate transfer taxes in South Carolina.

In a traditional mortgage, the bank holds the deed. With a purchase-money mortgage, the seller holds the deed.

8.2 Recording Fees and Recording Requirements i.e. Grantor/Seller, Mortgagor/Borrower, etc. Two witnesses to the signature. A South Carolina Probate or Acknowledgement. A property description to include a recorded plat reference or metes and bounds description.

Preparation & Execution MUST be completed prior to attempting to record the document in the Register of Deeds. Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law.

A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known as a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels.

How To Assign A Real Estate Contract Find the right property. Acquire a real estate contract template. Submit the contract. Assign the contract. Collect the fee.

Notarization. The current owner's execution of the deed must be acknowledged before a notary or other authorized officer. Notarization should use substantially the same acknowledgement form as set forth in South Carolina's statute.

The new owner or other person requesting recording must present to the register of deeds a completed affidavit for taxable or exempt transfers when filing a South Carolina deed. The affidavit calculates the deed recording fee—attesting to the property's value or the reason the deed is tax-exempt.

In the state of South Carolina, a deed recording fee is required when a property changes ownership. This is charged by the state for entering the transfer ownership change into public records. It is customary for the seller of the property to pay all real estate transfer taxes in South Carolina.

In a traditional mortgage, the bank holds the deed. With a purchase-money mortgage, the seller holds the deed.

8.2 Recording Fees and Recording Requirements i.e. Grantor/Seller, Mortgagor/Borrower, etc. Two witnesses to the signature. A South Carolina Probate or Acknowledgement. A property description to include a recorded plat reference or metes and bounds description.

Preparation & Execution MUST be completed prior to attempting to record the document in the Register of Deeds. Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law.