Equity Share Statement For Loan In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equity Share Statement for Loan in Miami-Dade is a legal form used for documenting the terms of investment between two parties, typically referred to as Investor Alpha and Investor Beta, in the purchase of a residential property. Key features of the form include the delineation of the purchase price, down payments from each investor, financing details, and how expenses will be shared. It establishes the ownership structure as tenants in common and outlines how the equity-sharing venture operates, including the distribution of proceeds upon sale and provisions for any additional capital contributions. Instructions for filling out the form specify the need for accuracy in providing names, addresses, and monetary values. The form serves as a guideline for maintaining shared responsibilities related to property maintenance and utilities, ensuring both parties understand their rights in case of events like death. This document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants who work in real estate transactions, offering clarity on investment agreements and protecting the interests of all parties involved.
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FAQ

We will not record an uncertified copy of any document, with or without changes. If you need to record a document which has changes from the original, please provide either a new document or make the modification to the original document.

You can eRecord your document through one of our approved vendors. With this option, you re- tain your original document and the recorded im- age is available the next day. Additional infor- mation on this option, including links to the ven- dors, is available on the web at . miami- dadeclerk/eRecordings.

To make a request contact the Clerk's office by mail or in person at Miami-Dade County Courthouse or by email at cocoffrec@miamidade.

Documents are recorded at the Clerk of the Courts, MIAMI-DADE COUNTY RECORDER, COURTHOUSE EAST, 22 N.W. First Street, 1st Floor, Miami, FL 33128. You can record the Notice of Commencement by mail. The original Notice should be sent to the County Recorder, P.O. Box 011711, Flagler Station, Miami, Florida 33101.

The Office of the Property Appraiser reviews all ownership changes, properly recorded in the Clerk of Courts Recorder's Office. The ownership transfer is typically processed between 4 and 8 weeks, but may take up to 12 weeks.

You are not required to submit a request for public records in writing. If you do not choose to use our online form, you may call 305-499-8729 with your request.

3. How do documents get recorded in the Recorder of Deeds Office? All papers presented to us for recording must be original documents, properly executed, signed, dated and acknowledged before a Notary Public with the notary's signature and date of expiration of the commission, before they can be accepted for recording.

Taking equity out of your home can be risky because it involves borrowing against the value of your property. This means you are increasing your debt and potentially putting your home at risk if you are unable to repay the borrowed amount.

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Equity Share Statement For Loan In Miami-Dade