Washington Assignment, Conveyance, and Bill of Sale of All Interest in Described Assets Long Form

State:
Multi-State
Control #:
US-OG-037
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Assignor, pursuant to the terms and conditions of a Purchase and Sale Agreement, sells, assigns, transfers, conveys, and delivers to Assignee all of Assignor's rights, title, and interests in and to the within described property and interests (collectively, the Assets)


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FAQ

A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer. For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.

The document granting the security interest can be called by different names, but the most common names are "Mortgage" or "Deed of Trust."

A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.

In order for a security interest to be enforceable against the debtor and third parties, UCC Article 9 sets forth three requirements: Value must be provided in exchange for the collateral; the debtor must have rights in the collateral or the ability to convey rights in the collateral to a secured party; and either the ...

A secured transaction has several stages, including attachment and perfection. Attachment occurs when the security interest becomes enforceable against the debtor.

When adding someone to a title, or changing names on a title, people will generally record a conveyance document/deed. You can get blank legal documents at a stationery or office supply store. It needs to be completed and notarized. The Recorder's Office cannot help with filling out your deed.

A quitclaim deed is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed.

In the U.S. the term "security interest" is often used interchangeably with "lien". However, the term "lien" is more often associated with the collateral of real property than with of personal property. A security interest is typically granted by a "security agreement".

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Washington Assignment, Conveyance, and Bill of Sale of All Interest in Described Assets Long Form