Spread Out Deed For Free

If the parties involved are joint owners of the land and the building thereon, they can execute a Deed of Partition and register it in the office of the sub-registrar and then divide the property by metes and bounds.

A Release deed is a legal document that frees up your property on which there are prior claims or obligations. A deed is executed to release your property from any earlier charge created when you pay all the dues to the bank.

A Release of Deed of Trust is a written request from the mortgage company, lender, their agent, attorney or an insurance company to the Public Trustee and must be submitted within 90 days after the satisfaction of the indebtedness.

Settlement and the preparation of a partition deed are two ways that partition may occur. However, since the land division between brothers or family members is rarely straightforward, court involvement is usually needed. In this situation, a civil lawsuit is initiated under the Land Partition Act of 1893's procedures.

A mortgage release, also referred to as ?deed in lieu of foreclosure? (DIL), is when a homeowner relinquishes the ownership of their property voluntarily to the owner of the mortgage, often a bank or lender, in exchange for a release from the mortgage and all future mortgage payments.

Partition of the property by mutual agreement can be done by Partition Deed or Family settlement. Partition Deed divides the property between the co-owners of the property. This deed is prepared in order to divide the property so that each person gets an absolute title over his own part of the property.