District of Columbia Sample Letter for Deed of Trust with Corrected Assignment
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How to fill out Sample Letter For Deed Of Trust With Corrected Assignment?
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FAQ
The DC recorder of deeds requires two forms when recording deeds: Real Property Recordation and Tax Form FP-7/C. Form FP-7/C is a return form listing details about the transfer?including the amount of consideration. The current owner and new owner must both sign the form.
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.
(2) ?Deed of trust? means a mortgage or a deed of trust encumbering real property located in the District of Columbia as the same may be modified, amended, supplemented, or restated. (3) ?Land records? means the land records in the Office of the Recorder of Deeds of the District of Columbia.
The Recorder of Deeds is located at 1101 4th Street, SW, Suite 500, Washington, DC 20024, and is open from 9 am to 3 pm for purposes of recording a deed and from 9 am to 4 pm for all other services. You may contact our Customer Service staff by calling (202) 727-5374.
1.1 % of consideration or fair market value for residential property transfers less than $400,000 and 1.45% of consideration or fair market value on the entire amount, if transfer is greater than $400,000.
A District of Columbia quitclaim deed, by definition, provides no warranty of title. The new owner receives whatever rights or interests the current owner can lawfully transfer. The current owner does not guarantee that he or she actually has a clear title or any interest to transfer at all.
A Washington, DC, deed must identify by name the current owner (the grantor) transferring the property and the new owner (the grantee) receiving it. Party addresses. A deed should include the new owner's address. DC law does not strictly require the current owner's address, but it is often included.
