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Hear this out loud PauseThe seller often pays the transfer tax and recordation tax is paid by the buyer, however this can be negotiated.
An assignment is the legal transfer of ownership of any property such as a trademark or copyright from one owner to another. The transferee or "assignee" is the person who acquires ownership, and the transferor or "assignor" is the person who transfers ownership rights.
Hear this out loud PauseA Deed of Assignment is a contract where the owner (the ?assignor?) transfers ownership over property to another person (the ?assignee?) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
Hear this out loud PauseYou may research this information at: Office of the Recorder of Deeds or Real Property Tax Database Search. The cost to purchase a copy is $2.25 per page plus ($2.25) per document for certification of a copied document. Your copies will be mailed promptly to you.
A Deed of Assignment is a contract where the owner (the ?assignor?) transfers ownership over property to another person (the ?assignee?) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. It states that a specific piece of property will belong to the assignee and no longer belong to the assignor starting from a specified date.