Wisconsin Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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FAQ
First, there's exposure to the co-owner's creditors. Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, there's a loss of control to consider.
How do I make a change to property ownership (add, remove or change someone's name)? To change ownership of real estate, a new conveyance document (deed) must be drafted and submitted for recording along with an Electronic Real Estate Transfer Return Receipt (e-RETR) We do not carry blank forms in our office.
A $30 filing fee is typically required. Transfer Tax: Yes: 30 cents for each $100 value or fraction of $100.
Wisconsin deeds must meet the following signature requirements: Current Owner's Signature. The transferred real estate's current owner?the grantor?must sign the deed.
Legal instruments such as warranty deeds, quit claim deeds, etc., that convey title from one property owner to a new owner, are usually drafted by attorneys, or paralegals or legal secretaries under the supervision of an attorney.
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.
The Wisconsin real estate transfer fee (RETF) is imposed upon the grantor (seller) of real estate at a rate of $3.00 per $1,000 of value. The determination of the "value" of real estate for purposes of the fee depends upon the type of transfer being conducted.