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Indiana Warranty Deed To Child Reserving A Life Estate In The Parents
Get Indiana Warranty Deed To Child Reserving A Life Estate In The Parents
Usband and Wife. , County, CONVEY AND WARRANT To , of State of , for the sum of Dollars, the following described REAL ESTATE in Indiana, to-wit: County, in the County, in the State of See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: Prior Instrument Reference: Instrument No. (10 Digit): Page Warranty Deed / Book Page 1 of 3 SUBJECT to Life Estates retained by and , Grantors, to run consecutively. It being the intentio.
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Affirm FAQ
A life estate deed is a legal document that changes the ownership of a piece of real property. The person who owns the real property (in this example, Mom) signs a deed that will pass the ownership of the property automatically upon her death to someone else, known as the "remainderman" (in this example, Son).
Answer. The general way to convey real property in Indiana is through a warranty deed. In certain cases, you may also use a quitclaim deed, a deed of trust or a grant deed. Most deeds require the name of the grantor who is the current owner; the grantee (the new owner) as well as the legal property description.
An Indiana general warranty deed is a type of deed with which a seller provides a warranty or guarantee that the property he or she is selling is free from other claims. In other words, the deed guarantees that if someone else claims ownership of all or part of the property, the seller will defend the buyer.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
The holder of a life estate has a full right to possess the land or transfer their interest during their lifetime, but must refrain from engaging in waste, activity which would prevent the next person in line from putting the property to full use.
Indiana Special Warranty Deed Form – An Indiana special warranty deed provides a more limited warranty of title than a warranty deed. A grantor who signs a special warranty deed is only responsible for title issues that arose while the grantor owned the property.
How to Transfer Indiana Real Estate Locate the prior deed to the property. ... Create the new deed. ... Sign the new deed. ... Record the original deed.
How to Transfer Indiana Real Estate Locate the prior deed to the property. ... Create the new deed. ... Sign the new deed. ... Record the original deed.
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