North Dakota Release of Lien for Deed of Trust
Description
How to fill out Release Of Lien For Deed Of Trust?
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FAQ
Unlike both a general warranty deed and a special warranty deed, a quitclaim deed does not convey any after-acquired title. A quitclaim deed uses the operative language ?sells and quitclaims.? Of note is the absence of the word ?conveys? which is present in both a general warranty deed and special warranty deed.
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.
?After-acquired Title? is a legal doctrine recognized in many jurisdictions which provides that, when a grantor purports to convey or mortgage property to which he is not vested, any title subsequently obtained by that grantor automatically passes to his grantee by operation of law.
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.
47-19-19. The record of any instrument shall be notice of the contents of the instrument, as it appears of record, as to all persons.
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.
