The Arkansas Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal document used in the state of Arkansas to establish the identity of the parties involved in a real estate transaction. This affidavit is necessary when there is ambiguity or uncertainty regarding the names of the granter (seller) or grantee (buyer) on the property conveyance document. The purpose of this affidavit is to provide clarity and ensure that the intended parties are accurately identified in the real estate transaction. It helps prevent potential legal issues that may arise due to mistakes or discrepancies in the names of the granter and grantee. The Arkansas Affidavit Regarding the Identity of a Granter and Grantee of Real Property typically includes several key elements: 1. Title: The document begins with a title clearly stating it is an "Affidavit Regarding the Identity of a Granter and Grantee of Real Property". 2. Introduction: This section confirms the affine's (person making the affidavit) personal information, such as name, address, and relationship to the property transaction (e.g., granter, grantee, attorney, etc.). 3. Property Details: The affidavit should include a clear and specific description of the real property involved in the transaction, including legal descriptions, tax parcel numbers, and any other relevant identifying information. 4. Identification of Granter and Grantee: The affine must provide the correct legal names of both the granter and grantee involved in the transaction. This includes full names, addresses, and any other identifying information necessary to establish their identity. 5. Reason for Affidavit: The affidavit should state the reason why this document is necessary. Common reasons include misspellings, use of nicknames, or variations in the names of the parties involved. The affine should explain any discrepancies or ambiguities that exist. 6. Witness Statement: The affidavit must be witnessed and notarized. The affine signs the document in the presence of a notary public, who then acknowledges the signature and affixes their official seal. 7. Recording: Once completed, the affidavit should be recorded with the appropriate county recorder or clerk's office where the real property is located. This ensures the affidavit becomes part of the public record and provides notice to any subsequent buyers or interested parties. It is important to note that although the term "Arkansas Affidavit Regarding the Identity of a Granter and Grantee of Real Property" is specific, there may not be multiple types or variations of this particular affidavit. If there are any specific subcategories or variations under this document, they were not mentioned or commonly used in available sources.
Arkansas Affidavit Regarding the Identity of a Grantor and Grantee of Real Property
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A property deed is a written and signed legal instrument that is used to transfer ownership of the real property from the old owner (the grantor) to the new owner (the grantee).
Real Estate Recording RequirementsOriginal Instrument.Notarized signature.Tax statement return address on document.Name of Instrument preparer.Revenue stamps on warranty deeds (if revenue changed hands)I Certify statement on all warranty deed (and any deed that has revenue stamps affixed)More items...
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
Arkansas law requires the recording of all real estate deeds. Submit the completed form to the recorder's office for the county where the land is located.
As the buyer of a property, you are the one responsible for recording the deed. Deeds for real estate need to be filed directly with the municipality or county where the property is located. The documents must be signed, witnessed, and notarized in order to be registered.
In Arkansas, every legal transfer of real property requires a Real Property Transfer Tax Affidavit form. This form should be completed by the grantee and filed with the instrument (A.C.A. 26-60-107). When real property is conveyed as a gift, no transfer tax is due.
In Arkansas, every legal transfer of real property requires a Real Property Transfer Tax Affidavit form. This form should be completed by the grantee and filed with the instrument (A.C.A. 26-60-107). When real property is conveyed as a gift, no transfer tax is due.
How Much Are Transfer Taxes in Arkansas? The current rate for the Arkansas real property transfer tax is $3.30 per $1,000. For a $150,000 home, the buyer or seller in Arkansas will pay $495 for the real property transfer tax.
Title deeds are paper documents showing the chain of ownership for land and property.
First, you need to make sure you fill out the quitclaim deed properly and get it notarized. Next, take the quitclaim deed to the County Recorder's Office. Make sure to file a Preliminary Change of Ownership Report and a Documentary of Transfer Tax or a Notice of Exempt Transaction.
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