Indiana 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

These requirements include valid legal description, statement of consideration, and a description of the manner in which co-owners will hold title, font size and page format requirements, and signature and notarization requirements.

Prepare your document We recommend you contact an attorney to help you draft your document. You may find a draft deed online, through your local library, or another source.

An Indiana quit claim deed form (sometimes called a quick claim deed or quitclaim deed) transfers Indiana real estate from the current owner (grantor) to the new owner (grantee) with no warrant of title.

A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.

The County Recorder's Office will provide an official copy of a deed record for $1 per page (most deeds consist of 1 to 2 pages). If you encounter such a mailing, please call the Recorders Office (317-776-9717) or report it to the Indiana Attorney General's Office (1-800-382-5516).

An Indiana special warranty deed is similar to a warranty deed in that it guarantees a seller has a title to sell to a buyer, though it only provides a limited guarantee. The guarantee is limited to the grantor's ownership of the property and not any previous ownership.

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Indiana Mortgage Deed