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A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else has rights to the property. In addition, a warranty of title may be used to guarantee that no other party has copyright, patent or trademark rights in the property being transferred.
Before you transfer real property, you should consult with a local Alabama Property Deed attorney that knows local property deed laws. Quitclaim deeds are generally a quicker and less expensive way to transfer property ownership. Most local attorneys can prepare a property deed in Alabama for you for a low flat rate.
An Alabama general warranty deed provides a full warranty of title that protects against all title issues, even those that relate to the time before the prior owner owned the property. A statutory warranty deed, in contrast, limits the warranty to the period when the person signing the deed owned the property.
How do I add my spouse to my deed in Alabama? You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
In Alabama, this form of joint ownership is available: Joint tenancy. Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary.
50 per $500 or $1.00 per $1000 on value of property conveyed - charged in increments of $500. The amount of value conveyed is always rounded to the nearest $500. A $1.00 ?no-tax? fee is charged on deeds that are tax exempt.
Yes, you can put your spouse on the title without putting them on the mortgage. This would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.
Warranty Deed for Real Estate Located in Alabama The execution of a warranty deed must be attested by at least one witness or, if the party cannot write, by two witnesses who are able to write (35-4-20). A proper acknowledgement will satisfy the witness requirements listed in 35-4-20.