Warranty Deed Vs Gift Deed In Bronx

State:
Multi-State
County:
Bronx
Control #:
US-00186
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Description

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.

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FAQ

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.

Here's how to do it: First, make sure your quitclaim deed is notarized. Go to the county clerk's office in the county where the property is located. If you're in a county outside of New York City, you'll need to submit a Real Property Transfer Report (Form RP-5217) along with your quitclaim deed.

Great question! Yes, you can draft your own documents, such as a separation agreement and quit-claim deed. There is nothing that prohibits this, although it is always best to have an attorney who handles that area of law prepare it for you.

You would have to record a new deed adding or removing the person(s) name. Because it is a legal document with legal consequences, we HIGHLY advise you work with an attorney to do so.

If the deed has been recorded then you can get a copy of the deed from the county recorder of deeds. If it has not yet been recorded and it has been lost then there is no way of replacing a lost deed. A new deed would have to be prepared and signed by the grantor. Another possibility is a suit to quiet title.

To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.

Once you obtain the correct form, you must fill it in completely. Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrar's office to be legally enforceable. Once filed, the legal transfer of the property is complete.

The three most common New York deeds are listed below: Warranty Deed. Bargain and Sale Deed. Quitclaim Deed.

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

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.

More info

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.A deed transfer is the legal process of transferring ownership of real property from one party to another. A general warranty deed pledges that the grantor owns the property free and clear of any outstanding liens, mortgages, or other legal encumbrances against it. General warranty deeds are the preferred choice for buyers and lenders, as they provide a comprehensive guarantee of ownership. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation). In regular home sales, a warranty deed is used, and it's really strong and safe. Quitclaim Deeds and Gift Deeds can transfer a piece of real estate without guaranteeing that it is free from any encumbrances. A quitclaim deed gives no warranties or guarantees to the grantee. Bargain and Sale Deed with Covenant – also called a Limited Warranty Deed; it offers the second most protection to the grantee.

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Warranty Deed Vs Gift Deed In Bronx