Omaha Nebraska Warranty Deed from Individual to Corporation

State:
Nebraska
City:
Omaha
Control #:
NE-06-78
Format:
Word; 
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Description

This Warranty Deed from Individual to Corporation form is a Warranty Deed where the grantor is an individual and the grantee is a corporation. Grantor conveys and warrants the described property to grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.

The Omaha Nebraska Warranty Deed from Individual to Corporation is a legal document used to transfer property ownership from an individual to a corporation in the city of Omaha, Nebraska. This deed provides a guarantee or warranty that the individual transferring the property has legal authority to do so and that there are no encumbrances or claims against the property. Keywords: Omaha Nebraska, Warranty Deed, Individual, Corporation, property ownership, legal document, transfer, guarantee, warranty, encumbrances, claims. There are different types of Omaha Nebraska Warranty Deeds from Individual to Corporation that can be used depending on the specific circumstances: 1. General Warranty Deed: This type of deed provides the highest level of protection to the corporation. It guarantees that the individual transferring the property holds clear and marketable title, free from any claims or defects. 2. Special Warranty Deed: This type of deed is similar to a general warranty deed but has a more limited scope. It guarantees that the individual transferring the property has not created any encumbrances or defects during their ownership but does not provide protection against any issues that existed before the individual acquired the property. 3. Quitclaim Deed: This type of deed transfers the individual's interest in the property to the corporation without any warranty or guarantee. It does not guarantee that the individual has legal authority to transfer the property or that the property is free from any claims or defects. 4. Bargain and Sale Deed: This type of deed is commonly used when there is a foreclosure or tax sale. It transfers the property to the corporation without any warranties, but implies that the individual transferring the property has the right to do so. When using any type of Omaha Nebraska Warranty Deed from Individual to Corporation, it is crucial to consult with a real estate attorney or professional to ensure the legality and accuracy of the transfer.

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FAQ

Stat. §§ 76-3401-76-3423 (the ?Act?). The Act allows an individual to transfer property located in Nebraska to one or more beneficiaries effective at the transferor's death through the use of a special deed referred to as a ?Transfer on Death Deed.?

To complete the transfer, the deed must be recorded in the office of the Register of Deeds of the county where the property is located. All deeds also require a Form 521 - Real Estate Transfer Statement.

Land contracts, memoranda of contract, and death certificates being recorded pursuant to a transfer on death deed require a completed Form 521, which are not subject to the documentary stamp tax until the deed is presented for recording.

All parties just need to sign the transfer deed (TR1 form) and file it with the land registry. This needs to be accompanied by the land registry's AP1 form, and if the value of the transaction amounts to more than £40,000, then a stamp duty land tax certificate may also be required.

(b)(1) A transfer on death deed shall contain the following warnings: WARNING: The property transferred remains subject to inheritance taxation in Nebraska to the same extent as if owned by the transferor at death. Failure to timely pay inheritance taxes is subject to interest and penalties as provided by law.

Nebraska Quitclaim Deed Laws Signing - All quitclaim deeds written in the state must be signed by the individual(s) selling the property in the presence of a Notary Public (NRS 76-211) Recording - All quitclaim deeds must be filed in the County Recorder's Office in the city or county where the property is located.

12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.

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.

A Nebraska warranty deed form?sometimes called a general warranty deed?transfers real estate guaranteed to have a good, clear title. The current owner provides warranty of title?a legal promise that the property's title is subject to no liens, mortgages, conflicting ownership claims, or other defects.

When the owner dies, a Nebraska TOD deed transfers title to the beneficiary named in the deed. The beneficiary formally takes title by recording the owner's death certificate and a cover sheet with the register of deeds.

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The office is located in the Washington County Courthouse at 1555 Colfax Street, Blair, Nebraska. Does the document need to be an original?ALL documents must be filled out to begin a transaction. The complete package can be found Here. Put your trust in Baxter Subaru and enjoy our friendly and attentive service. We'll match you with the perfect Subaru at our Subaru dealership in Omaha, NE! Makes no warranties or guarantees regarding this information. Nebraska Title Company. Of this appraisal is authorized to be utilized separately or out of context. Real Estate Attorneys Serving Ocala.

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Omaha Nebraska Warranty Deed from Individual to Corporation