This form is a Warranty Deed where the Grantor is an Individual and the Grantees are three Individuals. Grantor conveys and warrants the described property to the Grantees. This deed complies with all state statutory laws.
Wisconsin Warranty Deed from Individual to Three Individuals
Category:
State:
Wisconsin
Control #:
WI-023-78
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Wisconsin Warranty Deed From Individual To Three Individuals?
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FAQ
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
As defined in section 706.10(5) of the Wisconsin Statutes, a warranty deed conveys real property in fee simple to the grantee and contains covenants by the grantor that he or she holds title to the property and has "good right to convey the same land or its title." The grantor guarantees that the property is "free from
Deeds (Instruments of Conveyance) Legal instruments such as warranty deeds, quit claim deeds, etc., that convey title from one property owner to new owner, are usually drafted by attorneys, or paralegals or legal secretaries under the supervision of an attorney.
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.
It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances. Free and clear means that no one else has rights to the title above the owner.
Yes you can. This is called a transfer of equity but you will need the permission of your lender. If you are not married or in a civil partnership you may wish to consider creating a deed of trust and a living together agreement which we can explain to you.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.