This form is a Warranty Deed where the grantor is the husband and the grantees are the husband and his wife. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
Indiana Warranty Deed from Husband to Himself and Wife
Category:
State:
Indiana
Control #:
IN-016-77
Format:
Word;
PDF;
Rich Text
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FAQ
To transfer a property title to a family member in Indiana, you need to prepare a deed, typically an Indiana Warranty Deed from Husband to Himself and Wife, and have it signed and notarized. Next, file the deed with the county recorder’s office. Ensuring that you understand the requirements or using a reliable resource like uslegalforms can make the process smoother.
Signing (§ 32-21-2-3) All deed must be executed by one of the following: judge, clerk of a court of record, county auditor, county recorder, notary public, mayor of a city in Indiana or any other state, commissioner appointed in a state other than Indiana by the governor of Indiana, clerk of the city county council
Two of the most common ways to transfer property in a divorce are through an interspousal transfer deed or quitclaim deed. When spouses own property together, but then one spouse executes an interspousal transfer or a quitclaim deed, this is known as transmutation.
The Indiana warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
One of the simplest ways to add your wife to the home title is by using an interspousal deed. You can transfer the property from your sole and separate property to mutual tenancy, such as joint tenants with right of survivorship, with your wife.
It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances.If a mortgage exists, it's best to work with the lender to make sure everyone on the title is protected.
No law forbids adding someone to your mortgaged home's deed or in signing your home over to others through one. Mortgage lenders understand deeds, though, and use loan due-on-sale clauses to prevent unauthorized property sales or transfers.