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Notes: Not all states recognize a Trust Deed. Use a Mortgage Deed if you live in: Connecticut, Delaware, Florida, Indiana, Iowa, Kansas, Louisiana, New Jersey, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Vermont, or Wisconsin.
Connecticut does not allow real estate to be transferred with transfer-on-death deeds.
In real estate law, "assignment" is simply the transfer of a deed of trust from one party to another. This usually happens when the beneficiary of a trust deed sells their loan to another lender.
Some important exemptions include mortgages, some foreclosures and deeds in lieu of foreclosure, some leases, and easements. The exemptions must be reviewed carefully to determine whether compliance with the Transfer Act is required. The complete list of exemptions can be found at CGS 22a-134(1).
Section 49-2a - Interest on funds held in escrow for payment of taxes and insurance, Conn. Gen. Stat. § 49-2a | Casetext Search + Citator.
The Connecticut Transfer Act applies to the transfer of establishments at which hazardous. waste is or was generated, at which hazardous waste from a different location was brought, or certain defined business operations (e.g. , sites on which the process of dry cleaning.
- Real estate deeds must be in writing ( 47-5). - The grantor or an authorized representative must sign the deed, and the signature must be witnessed by two people who are not involved with the transaction. The notary who acknowledges the deed may act as one of the witnesses ( 47-5).
It must be signed before a notary and two witnesses. The notary may be a witness, but the person receiving the ownership right cannot be a witness. In addition to the Deed, you will need a conveyance tax form. Although no tax will be due, you still need to complete the form.