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Delaware Form 5403 Explained

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US-00487BG
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The following form is by an affiant as to the identity of a grantor and grantee in a deed to real property in order to correct a name discrepancy.
The Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal document used in Delaware to establish and verify the identity of the parties involved in a real estate transaction. It is typically required during the transfer of property ownership or when recording a deed with the county recorder's office. This affidavit is crucial in ensuring the accuracy and authenticity of real property records. The affidavit contains several key pieces of information, including the names, addresses, and contact details of both the granter (seller) and the grantee (buyer). It also includes a detailed description of the property being transferred, such as the address, tax parcel number, and legal description. Furthermore, the affidavit usually requires the signatures of the granter and grantee, as well as a notary public's seal to verify the authenticity of the document. The notary public must acknowledge the signers' identities and witness their signatures. In addition to the standard Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property, there might be variations based on specific circumstances or requirements. Some potential variations could include: 1. Affidavit of Identity for Trusts: When the granter or grantee is a trust entity, an additional affidavit may be needed to provide details of the trust, including the name, date of formation, trustee information, and any relevant trust agreements. 2. Corporate Affidavit of Identity: If either the granter or grantee is a corporation, this variation of the affidavit may require providing pertinent information about the corporation, such as the name, state of incorporation, registered agent details, and evidence of authority to act on behalf of the corporation. 3. Affidavit of Identity for Estates: When the granter or grantee is an estate, this affidavit variation may be necessary to establish the identity of the personal representative or executor, providing details of their appointment, authority, and fiduciary responsibilities. It is crucial to review and comply with the specific requirements provided by the Delaware state statutes, relevant county, or involved parties to ensure the appropriate affidavit is used for each specific situation. Overall, the Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal instrument that guarantees the accuracy, authenticity, and legitimacy of real estate transactions in Delaware.

The Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal document used in Delaware to establish and verify the identity of the parties involved in a real estate transaction. It is typically required during the transfer of property ownership or when recording a deed with the county recorder's office. This affidavit is crucial in ensuring the accuracy and authenticity of real property records. The affidavit contains several key pieces of information, including the names, addresses, and contact details of both the granter (seller) and the grantee (buyer). It also includes a detailed description of the property being transferred, such as the address, tax parcel number, and legal description. Furthermore, the affidavit usually requires the signatures of the granter and grantee, as well as a notary public's seal to verify the authenticity of the document. The notary public must acknowledge the signers' identities and witness their signatures. In addition to the standard Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property, there might be variations based on specific circumstances or requirements. Some potential variations could include: 1. Affidavit of Identity for Trusts: When the granter or grantee is a trust entity, an additional affidavit may be needed to provide details of the trust, including the name, date of formation, trustee information, and any relevant trust agreements. 2. Corporate Affidavit of Identity: If either the granter or grantee is a corporation, this variation of the affidavit may require providing pertinent information about the corporation, such as the name, state of incorporation, registered agent details, and evidence of authority to act on behalf of the corporation. 3. Affidavit of Identity for Estates: When the granter or grantee is an estate, this affidavit variation may be necessary to establish the identity of the personal representative or executor, providing details of their appointment, authority, and fiduciary responsibilities. It is crucial to review and comply with the specific requirements provided by the Delaware state statutes, relevant county, or involved parties to ensure the appropriate affidavit is used for each specific situation. Overall, the Delaware Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal instrument that guarantees the accuracy, authenticity, and legitimacy of real estate transactions in Delaware.

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FAQ

When properly executed, delivered and accepted, a deed transfers title to real property from one person (the grantor) to another person (the grantee). Transfer may be voluntary, or involuntary by act of law, such as a foreclosure sale.

What is a grantor? A grantor refers to a person or institution that conveys ownership of a property. It is also an entity that creates a trust, also known as a settlor or creator.

The covenant of right to convey is similar. It's a promise that the grantor has the right to convey the described estate.

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.

The Grantee is the buyer, recipient, new owner, or lien holder. When "vs." appears on legal documents, the Grantor is on the bottom, the Grantee is on the top. Petitioner is the Grantee; Respondent is the Grantor.

When properly executed, delivered and accepted, a deed transfers title to real property from one person (the grantor) to another person (the grantee). Transfer may be voluntary, or involuntary by act of law, such as a foreclosure sale.

In Delaware, all conveyances of real property require a completed Realty Transfer Tax Return and Affidavit of Gain and Value (9 Del. C. 9605(d)). This form must be completed by both the grantor and the grantee, and it must be submitted with the deed for recording.

The transfer tax in Delaware is currently 4% of the sales price with the State portion at 2.5% and the county portion at 1.5%. The transfer tax is commonly split evenly between the buyer and the seller so buyer pays 2% and the seller pays 2%.

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.

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survivorship, a deed that conveys an interest in the real property to a grantee beneficiary designated by all of the then surviving owners and ... Such claims are said to ?relate back? to the date provided by statute. In some states, liens relate back to the actual visible commencement of construction on ...No deed in which real estate is described shall be received for record by any recorderamount of the fee for the recording on the instrument recorded.10 pagesMissing: Delaware ? Must include: Delaware No deed in which real estate is described shall be received for record by any recorderamount of the fee for the recording on the instrument recorded. Required Documents: Real Property Tax Affidavit & Revenue StampsGrantor/Grantee name and address must be included on all deeds, deeds of trust and ... I viewed my state's rules regarding notarizing for relatives (in state ofto a real property transaction: beneficiary, grantor, grantee, ... Both grantor and grantee are held jointly and severally liable for payment of theDeeds to burial sites, certain transfers of ownership in real estate ... Section III: Appendices. Appendix A Glossary of Terms. 9. Appendix B Acronyms Used In This Document. 13. Appendix C Electronic Recording Electronic ... Because the official title indices in Texas are grantor-grantee and grantee-grantor (purpose of accommodating a new chapter on affidavits and recitals. Keep reading to learn more about what a Certificate of Trust is,While Trusts are valid and recognized in every state,Real estate offices. (11) "Common interest community" means real estate described in a declaration withcomplete improvements indicated on plats and plans filed with the ...

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Delaware Form 5403 Explained