Warranty Deed Add Arrow For Free

A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.

Call the mortgage lender, title company and the local property records office and inform them that you need to change the warranty deed on your property. Each of these parties will have unique guidelines to follow and paperwork to fill out.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

Executing and recording a correction document is an easy way to prevent this. Once recorded, deeds become a permanent part of the public record. It is possible, however, to amend that record by adding a newly executed deed, usually called correction or corrective deed, deed of correction, or deed of confirmation.

Determine if the error is harmless or fatal to the transfer of title. Decide what instrument is best suited to the error. Draft a corrective deed, affidavit, or new deed. Original Grantor(s) signature(s) obtained. Deed is re-executed. Re-acknowledgment before a notary.

A deed signed at a real estate closing typically guarantees that the seller is transferring good and marketable property title. A new deed must name the buyer, or grantee, as the new property owner to be valid.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.