This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Warranty Deed Vs Deed Of Trust In Bronx
State:
Multi-State
County:
Bronx
Control #:
US-00186
Format:
Word;
Rich Text
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FAQ
When transferring ownership of real estate in New York, there are a few different types of deeds: quit claim deeds, warranty deeds, and bargain and sale deeds with covenants. While each type of deeds is used to convey property, they are different in terms of the level of protection they provide to the new owner.
A mortgage company typically prepares the general warranty deed. As a home buyer, it's critical to review your local laws to know what a seller should disclose to you during the home buying process.
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
Most current deeds fall into one of four categories: 1) General Warranty, 2) Special Warranty, 3) Quit Claim deed, and 4) Bargain and Sale deed. General Warranty Deed — The General Warranty deed is often referred to simply as a warranty deed.
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A warranty deed guarantees that a seller owns the property free and clear of liens. Function: A Warranty Deed transfers property ownership with guarantees, ensuring the buyer gets a clear title.You can search for, get copies of, or update property ownership records, such as deeds and mortgages. A deed is often referred to as a title. Each of our deeds is attorneydesigned to meet the requirements of New York law. Click the link below to create a deed online to transfer New York real estate. In short, a warranty deed guarantees to the buyer that the property is exactly as stated – if not, the seller is liable. Im not sure if i can use the warranty deed to trustee i have, or do i just use a warranty deed transferring my name to the trust? A warranty deed provides essentially complete protection for the buyer (grantee). There are some circumstances where transferring the deed to another person could in the best interest of your finances.