If you want to sign your land over to your children, you need a property deed. Any change at all in ownership or status requires legal documentation (just another name for a deed). Of course, once you sign a deed, you have to file the deed with the authorities. Usually this means having it recorded at the County Recorders office or with the Recorder of Deeds. This action is referred to as the transfer or the conveyance of the deed and it takes place once the grantee accepts the conditions and the grantor signs the document and has it notarized.
The seller (grantor) and the buyer (grantee) can be individuals, corporations, or other entities. The appropriate description is accurately detailed in the deed document. The grantor must meet legal requirements, which vary from area to area. The typical requirements are that the person is competent to make the deal. Also, the deed must be signed by the grantor.
The information you provide must be accurately described when recording in the public records and the steps you take must be done properly. Therefore, it is essential that you select the right kind of deed for transferring your property.
A release deed or a deed of reconveyance is held by a trustee under a deed of trust loan and when the loan is repaid, it releases (or conveys) the deed back to the grantor.
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