A deed is a legal document used to transfer from one person or entity to another certain rights in a parcel of real estate. It is used in all purchases, sales, gifts or other transfers of real estate.
There are several different types of deeds used to transfer property. The two most common are the Quitclaim Deed and the Warranty Deed.
A Quitclaim Deed is a deed that simply transfers to the new owner (called the "Grantee") whatever interest in the property may be held by the person signing the deed. The signer of the deed (called the "Grantor") makes NO warranties or guarantees about the quality of Grantor's interest in the property, whether or not there are any liens against the property or whether anyone else may claim any interest in the property. A Quitclaim Deed is most often used in non-sale transactions.
A Warranty Deed, sometimes called a General Warranty Deed, is a deed that transfers all rights of the Grantor to the Grantee, but the Grantor also makes certain warranties or promises to the Grantee. These promises typically include the Grantor's promise that Grantor has the rights in the property that Grantor purports to transfer to Grantee, that Grantor has the right to convey the property, that the property is free from liens or claims of third parties, that Grantee is entitled to be in possession of the property and that Grantor will compensate Grantee for any damages sustained as a result of any claims against the property by third parties. A Warranty Deed is the type of deed most often used in ordinary purchase and sale transactions.
State law and sometimes local custom will dictate the exact requirements for a deed. We insure that your deed is prepared in compliance with all state and county requirements.
We provide escrow services to maintain the security of monetary transactions from the initiation to the closing of your contract. We value this fiduciary relationship, and are committed to provide you with premium arrangements based on your specific needs. Contact us today to see how our services may benefit your transactions to manage insurance policy premiums, mortgage insurance premiums, yearly property taxes, and trust accounts.
Once all the necessary information has been gathered, we will prepare the deed if the property is in the states of Florida, North Carolina, South Carolina or the District of Columbia, along with the closing statements and any related title documentation. Our attorney will review the documents before they are sent out for the closing. If the property is outside the states of Florida, North Carolina, South Carolina and the District of Columbia, in a state that we have an attorney-partnership in, a licensed attorney in that state will prepare the deed, but your closing agent will prepare all other documents.
Once the funds have been cleared, the deed will be sent to the County Clerk for recording and the net funds are disbursed to the Seller.
When the recorded deed is returned to our office, we will send a notification of transfer and a copy of the recorded deed to the resort. The original deed and a title policy (if requested) will be sent directly to the Buyer.
The legal description for a piece of real estate is the precise description of that property contained in the public records and is derived over time through the chain of title. It is the description used for transferring the property to another.
Our examination of the legal history of the property provides a competent evaluation of possible defects in the title that would otherwise be hidden and undiscovered on initial searches.
We're here to assist you get every penny of the money due.
After all closing documents have been returned by both parties, properly signed, notarized and ready for recording and the Buyer's purchase funds have been confirmed as good, cleared funds, the net purchase price will be disbursed to Seller. Delivering to you the piece of mind that comes from a job well done.
While each resort is different in the amount of time it takes to make the transfer in their system. Our mission is to keep everyone informed of changes and amendments to your deeded property. Servicing much of the Eastern United States and with attorney partnerships that span throughout the Midwest, no other independent title agency is licensed to transact business in as many states as we. Our extensive relationships with vacation ownership resorts across the country provide a streamlined means for keeping your records updated.