Table of Contents
How do you read and understand a deed?
Look for conveyance language in the deed. A warranty deed should contain granting language similar to “grant, bargain, sell and convey.” If warranties aren’t given, the granting language may instead read “remise, release, quitclaim and convey,” meaning the seller is only conveying her interest.
How do you read a real estate legal description?
The more common method used in land surveys and property descriptions uses quadrants. The quadrants are northeast, southeast, southwest and northwest. For an example of N25°E, face north, then turn 25 degrees to the east and go that direction. If your bearing is S40°W, face south and turn 40 degrees to the west.
Is the description of the property as it is written on the deed?
A legal description is a description of real estate that is sufficient to identify it for legal purposes. When preparing a deed, it is important to use the correct legal description. In most situations, the best practice is to use the legal description from the most recent deed to the property.
Can you sell a house if you are on the deed but not the mortgage?
Selling or transferring ownership of your property may remove you from the deed, but it won’t impact the mortgage in any way. If you force a sale, the proceeds will pay off your mortgage and you can walk away.
Who holds house deeds?
The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.
What do the numbers in a legal land description mean?
The legal description of land follows a set sequence of quarter section, township, range, and meridian: the designation NW 27-9-25 W2, for instance, means the Northwest Quarter of Section 27 in Township 9 Range 25 West of the Second Meridian.
How do you read a land survey bearing?
In land surveying, a bearing is the clockwise or counterclockwise angle between north or south and a direction. For example, bearings are recorded as N57°E, S51°E, S21°W, N87°W, or N15°W.
How do you read a metes and bounds?
A metes and bounds description, which means distance and direction, begins and ends at a landmark called the point of beginning (POB). The property is measured and described in a point of direction from a starting point using angles, distance, directions, and landmarks.
What is the best description of a deed?
A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another.
Is the deed the same as the title?
The biggest difference between a deed and a title is the physical component. A deed is an official written document declaring a person’s legal ownership of a property, while a title refers to the concept of ownership rights.
What is described in a deed?
Key Takeaways. A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer. For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.
When multiple siblings inherit a house?
Unless the will explicitly states otherwise, inheriting a house with siblings means that ownership of the property is distributed equally. The siblings can negotiate whether the house will be sold and the profits divided, whether one will buy out the others’ shares, or whether ownership will continue to be shared.
Can my girlfriend be on the deed and not the mortgage?
It’s perfectly legal to co-own a house with someone to whom you’re not married. You can put your name on the deed even if you don’t sign the mortgage, provided the lender agrees. Taking title as unmarried partners or friends, however, is often more complicated than when a married couple buys a house.
Should both spouses be on house title?
Answer: It is not really necessary because once you are married you will have a right to occupy the house for as long as the marriage continues. The fact that the house is registered in the sole name of your husband will be irrelevant, because the right of occupation is automatic.
How do I prove I own my house?
Proving Ownership. Get a copy of the deed to the property. The easiest way to prove your ownership of a house is with a title deed or grant deed that has your name on it. Deeds typically are filed in the recorder’s office of the county where the property is located.
How do I check titles in Registry of deeds?
The Register of Deeds should be able to provide you a “Certified True Copy” of the title to ensure its authenticity. Request the seller of the property to give you a photocopy of the title since the Register of Deeds will need information such as the title number and the owner’s name.
How do I find the title number of my property?
The Title Number is found on the top of each page of the Title Register and also at the top of the Title Plan.
