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Maine Warranty Deed - Individual to Three Individuals

How To Add A Name To A Deed In Maine

Name: Maine Warranty Deed - Individual to Three Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (220 reviews)

Category:

Maine Real Estate - Deeds - Warranty

State:

Maine

Control #:

ME-SDEED-9-14

Format:

Instant download

Description How To Add Someone To The Title Of A House

This form is a Warranty Deed where the Grantor is an individual and the Grantees are three individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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FAQ

To add a co-owner, the bank would have to create a new home loan agreement, which must be registered after paying the due stamp duty and registration charges. The bank would also insist on making the co-owner a co-borrower in the home loan applicable.

A warranty deed can include six traditional forms of Covenants for Title, sometimes known as the English covenants of title. Those six traditional forms of covenants can be broken down into two categories: present covenants and future covenants.

It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances. Free and clear means that no one else has rights to the title above the owner.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

Yes you can. This is called a transfer of equity but you will need the permission of your lender. If you are not married or in a civil partnership you may wish to consider creating a deed of trust and a living together agreement which we can explain to you.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered. In order to protect your legal interests, we strongly suggest that you contact an attorney to have this done for you.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

How To Add A Name To A Deed In Maine

Description How To Add Someone To The Title Of A House

How To Add Name To Title Of House Related forms

How to fill out Maine Warranty Deed - Individual To Three Individuals?

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FAQ

How do I add a joint owner to my property?

How many covenants are in a general warranty deed?

Can you add someone to a deed without refinancing?

Who keeps original warranty deed?

Can I add my partner to the deeds of my house?

Who keeps the original deed?

How do you add a name to a warranty deed?

How do I add a name to a deed in Maine?

How do I add my spouse to my warranty deed?

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