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New York Warranty Deed from Individual to Individual

Legal Description Of Property Example

Name: New York Warranty Deed from Individual to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.83 (319 reviews)

Category:

New York Real Estate - Deeds - Warranty

State:

New York

Control #:

NY-02-78

Format:

Instant download

Description Property Deed Example

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

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Warranty Deed General Template FAQ

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

To change the deed in New York City, as we discussed, we will need a deed signed and notorized by the grantor. Additionally, the deed must also be filed and recorded with the Office of the City Register along with transfer documents which identify if any taxes are due.

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

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.

Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.

The fees to file a New York quitclaim deed vary from county to county, but some of the fees are similar. As of 2018, the basic fee for filing a quitclaim deed of residential or farm property is $125, while the fee for all other property is $250. These fees are for the RP-5217 form.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

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.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

Legal Description Of Property Example

Description Property Deed Example

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Warranty Deed General Template FAQ

Who keeps the original deed?

How do I transfer a deed in NY?

What happens to the original warranty deed after it has been recorded?

Who prepares a warranty deed?

Does a special warranty deed transfer ownership?

How much does it cost to transfer a deed in NY?

Does a warranty deed prove ownership?

Does a warranty deed mean you own the property?

Who keeps original warranty deed?

Example Of A Deed Trusted and secure by over 3 million people of the world’s leading companies

Legal Description Of Property Example

Description Property Deed Example

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Example Of A Deed Trusted and secure by over 3 million people of the world’s leading companies