A Bronx New York Warranty Deed from two Individuals to Corporation is a legal document that transfers ownership of real estate property located in the Bronx, New York, from two individuals to a corporation. It provides a guarantee or warranty by the granters (individuals) that they have the legal right to convey the property to the grantee (corporation) and that the property is free from any encumbrances or claims, except those specifically mentioned in the deed. This warranty deed serves as evidence of the transfer of ownership and protects the grantee against any future claims or disputes related to the title of the property. It ensures that the grantee receives clear and marketable title to the real estate, affirming their right to possess, use, and transfer the property at their discretion. In Bronx, New York, there are different types of Warranty Deeds from two Individuals to Corporation that are commonly used, including: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. It guarantees that the granters have full legal ownership of the property and will defend the title against any claims or disputes. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granters have not caused any title defects during their ownership. It does not protect the grantee against any claims from prior owners. 3. Bargain and Sale Deed: This type of deed conveys the property to the grantee without any warranties. It implies that the grantee is taking the property "as is," without any guarantee of the granters' ownership or the property's condition. 4. Quitclaim Deed: A quitclaim deed is often used when there is uncertainty about the granters' ownership or if the granters want to transfer their interest in the property without making any warranties. It provides the least amount of protection to the grantee and does not guarantee the granters' ownership or the absence of any encumbrances. When executing a Bronx New York Warranty Deed from two Individuals to Corporation, it is essential to consult with a real estate attorney or professional to ensure compliance with local laws, regulations, and any specific requirements of the individuals, corporation, or property involved.
Bronx New York Warranty Deed from two Individuals to Corporation
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A real property transfer form?RP-5217, RP-5217-NYC, or RP-5217-PDF (pilot project)?is required for all real property transfers where a deed is filed. A filing fee is also required.
How to transfer property ownership Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
Common Abbreviations/Acronyms On Property Tax Bills AbbreviationDescriptionC/OCare ofCUSTCustodianESTEstateEt alAnd others15 more rows
Updates to the register Over half of the remaining applications to update the register, such as changing a name or transferring a property title, take 5 weeks to complete, with most completed in just over 3 months.
Step 1: Locate the Current Deed for the Property.Step 2: Determine What Type of Deed to Fill Out for Your Situation.Step 3: Determine How New Owners Will Take Title. Step 4: Fill Out the New Deed (Do Not Sign)Step 5: Grantor(s) Sign in Front of a Notary.Step 6: Fill Out the Preliminary Change of Ownership Report (PCOR)
owner is an individual or group that shares ownership of an asset with another individual or group. Each coowner owns a percentage of the asset, although the amount may vary according to the ownership agreement.
Abbreviation. Britannica Dictionary definition of C/O. care of. ? This abbreviation is used in addresses when you are sending a letter or package to a person by using someone else's address or the address of a company. The letter was addressed to ?John Smith c/o Merriam-Webster, Inc.?
Quitclaim deeds differ from warranty documents, majorly because they don't offer any guarantees. Trust deeds involve the borrower, lender, and the trustee, unlike warranty documents.
California uses two types of deeds to change ownership of real property: grant deeds and quitclaim deeds. Further names such as warranty deed, interspousal deed, or trust transfer deed are simply special identification given to grant deeds or quitclaim deeds based on specific circumstances.
It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
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I've been here since I can remember. I've lived in this house since I was three. My parents bought it in the 1960s, and I've lived here since then. I've also owned a house on the other side of Manhattan for almost as long, but this is my house I own. On May 24, 2017, I bought this house, along with my condo, for a million. Since then, I've lived here the whole time. I paid 10,000 down and 20,000 up-front. I got a 300,000 mortgage with the purchase and I paid 1,800 a month for it. Furthermore, I paid 10,000 on a new car on May 28, 2017, which was for a new truck. Furthermore, I got a 5 year, 20,000-mile warranty on the car. Furthermore, I've been an Audi owner for the last decade, and I love the car I've got here. Furthermore, I know I'm buying a real piece of property, and I'm not trying to just buy the best possible piece of property. Furthermore, I'm not trying to have my agent sell me the absolute best possible deal on these properties — it's the best deal I can make.
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