YOU ASK:

Can you tell me how to do a transfer of property title?

WE ANSWER:

Property is transferred by the means of a legal instrument, such as a deed. The deed transfers the title from one owner to another. You need to transfer the property title when the property is being sold, given as a gift, inherited or is involved in the divorce settlement. This is so that the recipient of the property is named as the legal owner of the property and has the rights inherent in the property.

There are different kinds of ways and instruments that can be used to transfer property. These include a Quit Claim Deed, a General Warranty Deed, a General Limited Warranty Deed and a Limited Warranty Deed.

To transfer the property title, here are the few steps you can follow:

  1. Hire a real estate attorney. This is a lawyer who is well-versed in matters of real property. He will provide you with the legal advice you need as to the steps and the instrument or deed you need to use. He will outline the legal and tax implications of each choice.
  2. Tell the attorney the conditions of your sale or purchase of the property. He will then draft the deed. The attorney will also tell you who should sign the documents, what interests or rights will be conveyed in the property, as well as how the buyer will take ownership and hold title.
  3. When you are about to transfer the title, arrange to meet with the seller and the attorney, and a representative of the lender, if this is applicable. The attorney will explain all the legal aspects of the transaction. Before you sign, remember to read the documents. Be also sure that you understand what you are signing.
  4. And then the deed, as well as other related documents, will be signed and duly notarized.
  5. Bring the signed documents to the county courthouse deed office.
  6. To make the transfer complete, this transaction should be recorded in the county courthouse where the house or piece of property is situated. Check that this is duly recorded.
  7. Your attorney can also follow up and ensure that the documents are processed.
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