North Dakota Mortgage Deed

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

A North Dakota quitclaim deed transfers the signer's interest in property with no warranty of title. A quitclaim deed passes to the new owner all of the current owner's rights in the property as of the date of the deed.

Laws & Requirements Signing Requirements § 47-19-03: A grantor must sign a quitclaim deed in North Dakota before a notary public and have it notarized. Recording Requirements § 47-19-07: A quitclaim deed in North Dakota is filed with the County Recorder's Office in the county where the property is located.

A North Dakota property owner may transfer or retitle real estate during the owner's life using a signed, written deed. A North Dakota deed must satisfy the legal requirements described below to be eligible for recording and to legally transfer title to the new owner.

Contract for Deed. - After, a contract for deed has been signed by the parties, the vendor retains the legal title to the land until the vendee has fully performed the terms of the contract. However, the law regards the vendee, as the owner of the property for most purposes, since the vendee ordinarily gets the.

Cent. Code § 30.1-32.1-02. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.

Updated September 15, 2023. A North Dakota quit claim deed is a form used to legally transfer an interest in real estate from one person to another.

After-acquired title. When a person purports by proper instrument to convey real property in fee simple and subsequently acquires any title or claim of title to the real property, the real property passes by operation of law to the person to whom the property was conveyed or that person's successor.

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North Dakota Mortgage Deed