Idaho Mortgage Deed

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Multi-State
Control #:
US-03109BG
Format:
Word; 
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Description

A mortgage deed is a document which gives a lender legal right and interest in a property. Generally, a borrower is pledging his home as security for a loan. The mortgage deed evidences the lender's ownership in the property. It operates very much the same as a mortgage or deed of trust. The lender can foreclose on the property if the debtor does not make timely payments.
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FAQ

Recording of the deed provides notice to others as to who owns the property and when and whether any interest in the property has been transferred. Before recording, the signature of the parties must be acknowledged before a notary public in Idaho.

To put simply, the deed is the legal document that proves who holds title to a property, while a mortgage is an agreement between a financial lender and borrower to repay the amount borrowed to purchase a home.

Search Idaho Statutes 15-6-401. Community property with right of survivorship in real property. Any estate in real property held by a husband and wife as community property with right of survivorship shall, upon the death of one (1) spouse, transfer and belong to the surviving spouse.

Although about 60% of the US states are mortgage states, Idaho is considered a deed state. A deed of trust is an agreement between a beneficiary, grantor, and trustee. A deed is signed to a trustee as a form of security to ensure that the performance of obligation is fulfilled.

You can find document numbers and party information online; however, if you would like to view the property record in its entirety or receive a copy of the documents, you must come to the Ada County Recorder's Office during normal business hours.

Recording ? The quitclaim deed must be filed at the County Recorder's Office (See County List) in the jurisdiction of the real estate. Signing (§ 55-805) ? A quitclaim deed must be signed with the Grantor(s) in front of a notary public.

This is simple. You prepare a gift deed or transfer deed that identifies yourself as the owner, describes the property by a legal description, and then identifies your children as the recipients or Grantees of that property.

The Validity of Lady Bird Deeds in Idaho The individual also retains the right to sell, lease, or mortgage the property without the beneficiaries' consent. However, Lady Bird deeds are not recognized in Idaho. However, similar outcomes can often be achieved through the use of a revocable living trust or a TOD deed.

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Idaho Mortgage Deed