This form is a Warranty Deed where the Grantor is an individual and the Grantees are two individuals or husband and wife. Grantor conveys and warrants the described property to the Grantees. The Grantees take the property as tenants in common, joint tenants with the right of survivorship, or tenants by the entirety. This deed complies with all state statutory laws.
Virginia Warranty Deed from an Individual to Two Individuals or Husband and Wife
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State:
Virginia
Control #:
VA-030-78
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Word;
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How to fill out Virginia Warranty Deed From An Individual To Two Individuals Or Husband And Wife?
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All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia. The requirements are listed below in the code section. Click here to read about e-Recording. § 17.1-223.
If you live in a common-law state, you can keep your spouse's name off the title the document that says who owns the property.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of the property. The deed pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances.
When it comes to reasons why you shouldn't add your new spouse to the Deed, the answer is simple divorce and equitable distribution. If you choose not to put your spouse on the Deed and the two of you divorce, the entire value of the home is not subject to equitable distribution.
Locate the most recent deed to the property. Create the new deed. Sign and notarize the new deed. Record the deed in the land records of the clerk's office of the circuit court in the jurisdiction where the property is located.
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
The Virginia general warranty deed is a form that warrants property conveyed from a Seller (the Grantor) to a Buyer (the Grantee).Afterwards, the deed may be filed with the Circuit Court in the jurisdiction of where the property is located.
To add a co-owner, the bank would have to create a new home loan agreement, which must be registered after paying the due stamp duty and registration charges. The bank would also insist on making the co-owner a co-borrower in the home loan applicable.
How do I add someone or remove someone from my deed? To make changes to ownership of property, a new deed will need to be prepared and recorded in the Clerk's Office where the property is located. The Commonwealth of Virginia does not provide any forms for deed transfers.