West Virginia Sample Letter regarding Authority to Cancel Deed of Trust
Description
How to fill out Sample Letter Regarding Authority To Cancel Deed Of Trust?
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FAQ
A West Virginia deed transfers title to property from one party to another. The deed should be written for the date when the consideration (money) exchanges hands with the Grantee (buyer). The form should have the Preparer's, Grantor's, Grantee's information along with the legal description of the property.
West Virginia levies a deed transfer tax (often referred to as an excise tax) on real property. The tax is $1.10 per $1,000. Each county has the authority to establish its own excise tax rate, which the majority do. West Virginia does not have a mortgage tax.
If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.
The current owner transferring property must sign a West Virginia deed. The county clerk cannot record an unsigned deed. An agent acting under power of attorney can sign a deed on the owner's behalf if the owner has signed a power-of-attorney agreement giving the agent authority. Notarization.
A deed of trust may convey both real property or some interest therein and personal property or only real property or some interest therein or only personal property in order to secure a debt.
The Transfer Tax Fee is $5.50 for every $1,000.00 of the purchase price, or value of the property when the purchase price is not listed on the Deed. All Deeds recorded in West Virginia are subject to an Excise Tax (Transfer Tax Fee).
