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twilight
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Post subject: Deed of Grant |
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| is it possible to convey property through a grant deed wihtout paying anything for it? (No cosideration for the transfer of property) and if yes, how is that captured in the deed? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
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Post subject: |
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Hi twilight,
It is possible to transfer the property through a grant deed without paying anything for it. You can mention in the grant deed that the property was purchased for $0. However, you will definitely have to pay the transfer fees, stamp doc fees, recording fees etc. You can contact an attorney and he would draft the deed for you.
Thanks |
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eyestx
Guest
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Post subject: Texas Warranty Deed |
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I was told that in the second paragraph of the warranty deed it must state, "$10.00 cash in hand paid, and other good and valuable consideration this day paid in cash by . . . . ." is the way it must read on the warranty deed even though $10.00 is far from the amount I am paying for the land. I am wondering if this is true and if so why? I feel the amount I am actually paying for the property should be where the $10 amount is in this paragraph. Please advise.
Nancy
[Email address deleted as per forum rules. Thanks.] |
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smithsussane
Joined: 18 Sep 2008
Posts: 10030
Location: Alaska
919.49 Dollars($)
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Post subject: |
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Hi Nancy!
Welcome to forums!
Even I feel that you should mention the exact amount that you are paying in the warranty deed. I would suggest you to contact a real estate attorney and take his help in this regard. He will help you in filling out the deed in a proper way.
Feel free to ask if you've further queries.
Sussane |
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molly
Guest
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Post subject: change on grant deed |
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| I am a church "A B C" and I added a "D" to be known as "A B C D" It has been filed with the Secretary of State but I need to change the Deed can I do this myself? and what forms will I need? |
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adonis
Joined: 22 Oct 2005
Posts: 10250
Location: ALASKA
1043.57 Dollars($)
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Post subject: |
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Hi molly,
I don't think you will be able to change the deed alone. You will have to inform all the other owners about the change. You would require a new grant deed in order to do so. I would suggest you to contact an attorney and take his opinion.
_________________
Procrastination is the enemy of your financial success |
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brothwell54
Guest
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Post subject: Deed? |
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| My friend in a moment of extreme stupidity put her then boyfriend on her deed he (after he created a major stink). He then proceeded to take advantage of her and then disappear on her. It's been over 8 years since she has seen him. How can she remove him from her deed as she wants to sell the house? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10030
Location: Alaska
919.49 Dollars($)
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Post subject: |
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Hi brothwell!
Welcome to forums!
It will be difficult for your friend to remove her boyfriend from the property deed unless he signs a quit claim deed in her favor. I would suggest your friend to contact an attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane |
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underwater
Guest
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Post subject: deed in lieu |
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| we are attemting to do deed in lieu on a property deed that is held by a llc company, having 4 managing members. the bank has rejected our request stating that title held by company needs corprate resolution done by attorney. does this simply mean they want the deed transfered back from the llc to the original owners on the mortgage, & can we simply deed the property back to ourselves, as the 4 of us were the owners before we deeded the property to the llc for liability purposes. |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Post subject: |
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Yes guest, all the 4 owners of the property will have to sign a quit claim deed and transfer the property from the LLC back to their names and then apply for a deed in lieu of foreclosure.
_________________
Good is the Enemy of Great. |
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d
Guest
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Post subject: deeds |
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| I have a property in which I grant deeded to a company this is no longer in business. The title deed of trust and the mortgage loan is still in my name. who legally owns the property? |
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d
Guest
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Post subject: deeds |
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| I have a property in which I grant deeded to a company that no longer exists. The title deed and mortgage loan is still in my name. Who owns the property? |
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Candice
Guest
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Post subject: Quitcliam |
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| Great info.! Does anyone know if a quitclaim deed can be changed back into a warranty deed? We had the warranty deed but made a change between family and now have a quitclaim, which I have been told is the lowest form of deed. I would like to change it back, but not sure how. Thanks! |
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smithsussane
Joined: 18 Sep 2008
Posts: 10030
Location: Alaska
919.49 Dollars($)
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Post subject: |
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Hi Candice!
Welcome to forums!
As far as I know, yes, the quitclaim deed can be changed back into a warranty deed. You need to contact a real estate attorney and he will assist you with the whole process.
Feel free to ask if you've further queries.
Sussane |
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