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What type of deed is needed for an acre for acre swap of equal value?
Wiki User
∙ 8y ago
A quit claim deed could be used. A Quit Claim Deed is a deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made It conveys to a Buyer only what the Seller actually owns, if anything, and provides no guarantee from the Seller to the Buyer that the Seller has any interest in the property to convey. The rule to follow for a person accepting a quit claim deed is "Buyer beware". If it later turns out that the Seller's rights to use the property are encumbered by another person's interest in the property, the Buyer is out of luck and has no recourse against the Seller.
A Different Opinion: I have seen similar conveyances executed by two simultaneous deeds. Each granting party conveys their property "for the consideration of" the other party's property. In other words, they swap property in lieu of a monetary figure. It's quite common. Deeds are generally executed and recorded on the same day. Any attorney could easily prepare such a transaction.
Wiki User
∙ 8y ago
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What is the format for a cheque gift deed?
A gift deed is typically needed as documentation for tax purposes when a check gift is give. The deed should include a statement that says that the check was voluntarily given, list the value, and be witnessed.
What is a full value deed?
The consideration on a full value deed represents the current market value of the property.
What is the criteria for Court fee for cancellation of gift deed?
court fee for the cancelation of a deed the % on the face value present on the the deed..........P.Raghupathireddy Advocate 09642404040
What is a the value of a Margaret mitchell autograph?
What is the value of a Margret Mitchel autograph on a land deed/
With two people on a deed do they have equal share or can it be unequel?
When two or more people acquire land by deed their fractional interest is set forth in the deed. If the deed is silent, they each own an undivided equal share in the whole property. However, at the time of the purchase any fractional arrangement can be set forth in the deed. In that case the deed would need to specify the split. For example, the deed must recite that David will receive a one-quarter interest, Charles a one-quarter interest and Judith a one-half interest.
Does value consideration transfer ownership?
No. A deed signed by the owner transfers ownership. The consideration is mentioned on the deed.No. A deed signed by the owner transfers ownership. The consideration is mentioned on the deed.No. A deed signed by the owner transfers ownership. The consideration is mentioned on the deed.No. A deed signed by the owner transfers ownership. The consideration is mentioned on the deed.
Why will a bank only consider deed in lieu if the fair market value of the property is BELOW the value of the debt?
Nice share
What would make a good deed worthless?
You could find a perfectly good deed in a safe deposit box while settling the estate of your grandfather. The deed shows that he acquired 100 acre of forestlands in 1925. At first impression, you might think you would inherit the land. However, a examination of the land records shows that he sold the land in 1945. Big disappointment! That would make the perfectly good deed you found worthless.
What is needed to transfer title on real property in Texas?
A Deed it can be warranty or a general warranty deed or a Quit Claim Deed depending on variables in the transaction. A Title company or county clerk can probably lend advise as to the best sort of deed for your purpose. It needs to be notarized and recorded at the local county court house.
Can you have faith without work or deed?
In my interpretation of the Bible, works and deeds are not needed, but they're a good idea.
Can a Sheriff's deed be converted to a Warranty Deed in order to sell the property?
No. A sheriff's deed has a certain legal meaning that is different from a warranty deed. The meaning also varies according to state laws. You would need to check your state laws to determine what title is conveyed by a sheriff's deed. In Massachusetts a sheriff's deed does not guarantee that it conveys any title. It only conveys whatever interest the debtor may own in the property. Title is not "good" for twenty years when it is acquired solely by a sheriff's deed. A deed from the debtor is needed to perfect title.
What a business partner can do in his own business bynlow?
It depends upon the partnership deed you have made. If no partnership deed is in its place then the share is equal of profit and rules and regulations depend upon the country you are living in.
