Hawaii Sample Letter for Sale of Property and Corrected Warranty Deed

State:
Multi-State
Control #:
US-0859LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Sale Of Property And Corrected Warranty Deed?

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FAQ

A quitclaim deed is often used to cure a defect (a "cloud on the title") in the recorded history of a real estate title.

A Corrective Deed is used to fix/correct an error on a California deed which has already been recorded. This type of deed does not create a new interest. The Corrective Deed will correct the deed document on the earlier transfer of interest.

An abstract of Title is is the brief chronological overview of all of the historical legal documentation associated with a property or asset, including titles, transfers and claims against the property.

Title Evidence means documentation in the form of a certified search covering a period of twenty (20) years, current title insurance or certified letter from abstractor or title insurance agent certifying fee simple ownership of property.

The deed or assignment of lease must be signed (in black ink) by the current owner and the new owner before a notary public. The deed or assignment of lease must be recorded in the State of Hawaii Bureau of Conveyances or Land Court. A Conveyance Tax Certificate must be filed and any tax due must be paid.

This is a post-closing problem and the issue creates a defective deed which will negatively impact the chain of title. For example, there might be a wrong notation of the metes and bounds or a mistake of a property's lot number. If left unchecked, this creates a serious issue. However, there are ways to correct it.

What is a corrective deed? A corrective deed is an instrument filed in the public record in addition to the incorrect deed. It's known as a confirmatory instrument since it perfects an existing title by removing any defects, but it doesn't pass title on its own.

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Hawaii Sample Letter for Sale of Property and Corrected Warranty Deed