This package contains the following forms:
1.) A Contract for Deed;
2.) Assignment of Contract for Deed by Seller;
3.) Notice of Assignment of Contract for Deed;
4.) Seller's Disclosure of Financing Terms;
5.) Seller's Annual Accounting;
6.) Notice of Default for Past Due Payments;
7.) Final Notice of Default for Past Due Payments;
8.) Notice of Intent to Enforce Forfeiture Proceedings;
9.) Final Notice of Intent to Enforce Forfeiture Proceeding and Request to Vacate;
10.) General Notice of Default; and
11.) Seller's Disclosure of Forfeiture Rights
Purchase this package and save up to 70% over purchasing the forms separately!
A deed form for a house is a legally binding document that transfers ownership of a property from one party to another. It serves as a proof of ownership and establishes the rights and responsibilities associated with the property. The deed form must be properly executed, witnessed, and notarized to be considered valid. There are several types of deed forms commonly used for houses, each serving a specific purpose: 1. Warranty Deed: A warranty deed guarantees that the seller has legal ownership of the property and has the right to sell it. It provides the highest level of protection for the buyer as it includes warranties that protect against any claims or defects in ownership. 2. Quitclaim Deed: A quitclaim deed transfers the ownership interest from the seller to the buyer without any warranties or guarantees. It simply conveys whatever interest the seller has in the property, without making any promises about the validity of the title. 3. Grant Deed: A grant deed is similar to a warranty deed, but it does not provide as extensive warranties. It guarantees that the seller has not transferred the property to anyone else and that there are no undisclosed encumbrances, but it does not protect against defects in the title that may arise. 4. Special Warranty Deed: A special warranty deed is similar to a warranty deed, but it contains limited warranties. It guarantees that the seller did not create any encumbrances during their ownership of the property and only provides protection for claims that arise during their ownership. 5. Trust Deed: A trust deed, also known as a deed of trust, is used in situations where a property is being financed through a mortgage loan. It involves three parties — the borrower, the lender, and the trustee. The borrower grants the lender a security interest in the property, and the trustee holds the legal title until the loan is paid off. 6. Bargain and Sale Deed: A bargain and sale deed is commonly used in foreclosure sales or tax sales where there may be uncertainties about the title. It conveys the property without any warranties, leaving any potential issues with the title to the buyer. In conclusion, a deed form for a house is a crucial legal document that transfers ownership rights between parties. Different types of deed forms, such as warranty deeds, quitclaim deeds, grant deeds, special warranty deeds, trust deeds, and bargain and sale deeds, offer varying levels of protection and serve specific purposes based on the transaction and the desired assurances.
