Alaska Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest intended to Be Conveyed

State:
Multi-State
Control #:
US-OG-051
Format:
Word; 
Rich Text
Instant download

Description

This form addresses the situation where a deed has been granted, only to determine that the interest described in the deed was incorrect. Rather than executing and delivering another deed, which may give rise to the question of whether there were two deeds, this form serves to convey the corrected interest and specifies that it is in lieu of the previously delivered deed.

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FAQ

Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.

General Warranty Deed A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.

Recording ? A quitclaim deed must be filed in the Recorder's District where the property is located. There is usually a fee associated with the filing and it is recommended to bring a blank check or contact the recorder before your arrival.

If the property is held as tenants by the entirety or as Alaska Community Property with a right of survivorship, it passes automatically to the spouse who survives the person who died. There is no need to do anything to transfer the real property to the surviving spouse.

To be recorded, each deed sent to the recorder's office for recording should include the following: Recording Fee. Alaska's current recording fees for deeds are $20.00 for the first page and $5.00 for each additional page. Nonstandard documents may be recorded for an additional nonstandard recording fee.

Ownership Changes Recording a deed is best handled through a Title Company. For those doing their own deeds, deed templates are often available online or at office supply stores. The deed must have the names and addresses of both the current ownership and the new ownership, and the legal description of the property.

An Alaska general warranty deed is used to sell a piece of real estate to another with a broad warranty of title. This means that the seller is guaranteeing that he or she holds legal title to the property and there are no other encumbrances and no other people who can claim an interest in the property.

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Alaska Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest intended to Be Conveyed