This form is a Statutory Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property was tenants in common, joint tenants with the right of survivorship, or, if married, as community property. This deed complies with all state statutory laws.
Seattle Washington Statutory Warranty Deed from One Individual to Two Individuals
Category:
State:
Washington
City:
Seattle
Control #:
WA-025-78
Format:
Word;
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FAQ
C. Probate Fees in Washington: Originally Ordinary FeeTotal Fees7% on the first $1,000$70 on $1,0005% of the next $1,000$50 for a total of $120 on $2,0004% of the balance
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
A Personal Representative's Deed is the form of deed commonly used in connection with the sale of real property owned by an estate.
The Washington statutory warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
Once the Grant has been received the personal representative has a duty to collect in the assets of the deceased, pay the liabilities and distribute the estate to the beneficiaries. They have many powers to assist them when dealing with an estate e.g. power to sell property, insure property and invest monies, etc.
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.
The Washington transfer-on-death deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.
How to Transfer Property Title to Another Person ?Obtain the form.?Contact the parties.?Make sure all are in agreement.?Complete the form.?Find a notary public.?Sign the document.?Supply copies.?Go the the county recorder's office.
In the State of Washington, any person is eligible to be a personal representative unless that person is a minor, a person of unsound mind, or a person who has been convicted of a felony or crime involving moral turpitude, such as fraud or theft.
?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).