Arkansas Ratification of Prior Deed
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How to fill out Ratification Of Prior Deed?
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FAQ
Arkansas charges a real property transfer tax for real estate transfers involving more than $100.00 in payment. The total transfer tax rate is $3.30 per $1,000.00 of consideration?two-thirds of which is expressly the new owner's responsibility.
The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.
Signing Requirements: Arkansas Code § 18-12-104: Arkansas quitclaim deeds require the grantor to sign in front of a notary public and two (2) disinterested witnesses with no claim in the transaction.
Arkansas Title Transfer Fees How much does it cost to transfer a car title in Arkansas? The fee to transfer the title is only $10. However, you will likely be paying sales tax, registration fees, and any other local taxes for your registration at the same time.
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
The deed must be acknowledged and notarized by a notary public in Arkansas. Per § 18-12-102 of the Arkansas Code, a warranty deed must contain the words ?grant, bargain, and sell? when stating how the property is being transferred.
Real Estate Recording Requirements Original Instrument. Notarized signature. Tax statement return address on document. Name of Instrument preparer. Revenue stamps on warranty deeds (if revenue changed hands) ?I Certify? statement on all warranty deed (and any deed that has revenue stamps affixed)
