PROPERTY DEED TRANSFERS

PROPERTY DEED TRANSFERS

The document that allows a real estate property transfer to take place is called a Deed. Title is the legal right to property. Most deeds transfer property title.

Most property deed transfers require:

• A written document specifying the transfer. This is the Deed.
• Legal description of the property such as an address.
• The name of the party transferring the property (owner/grantor) and the name of the party receiving the property (recipient/grantee).
• The document must be properly signed and acknowledged by a notary.

Once a real estate deed is prepared and appropriately signed, it should be filed at the county recorder’s office in a timely manner. This office may also be known as the register of deeds office. Filing or recording a deed is done in the county where the property is located. Most counties charge a recording fee of between approximately $10 and $30.

Note: If the document is not validated legally, it may be considered void.

Property Title Transfer

It is important to use the correct property deed for your situation when you plan to do a property title transfer. Additionally, the use of exact legal descriptions and precise language prevents unintended mistakes. Errors may be difficult and often costly to correct after the deed has been recorded.

Some common deeds used to transfer a house are:

• Quit (Quick) Claim Deed
• General Warranty Deed
• Special Warranty Deed
• Life Estate Deed
• Lady Bird Deed
• Transfer on Death Deed
• Deed Transfer After Death

Real Estate Deed

There are many situations that require a real estate deed to transfer property title. All home deeds have particular uses. Furthermore, there are numerous supporting or stand-alone documents that may be needed to complete real estate transactions of all kinds.

Additional to the most common property deeds, some documents to consider are:

• If a property owner died without a Will, an Affidavit of Heirship may be required to identify the heirs of a property prior to transferring a property with a deed.
• Texas differs from many other states in that jointly owned property does not include Right of Survivorship. There must be a written Survivorship Agreement in order to ensure that co-owned real estate property transfers to the surviving owner if one owner dies.
• Sellers may wish to provide Seller Financing to their buyers. There are three legal documents needed for this transaction.
• If a buyer cannot pay for a property, the lender or seller may agree to accept a Deed in Lieu of Foreclosure to transfer property title back to the seller.
• An Executor’s Deed is needed to transfer real estate property of an owner who died with a Will and is used by an executor according to the terms of the deceased owner’s Will.

At Texas Property Deeds, all deeds and legal documents are prepared by a Texas licensed attorney Board Certified by the Texas Board of Legal Specialization in Residential Real Estate Law.

Having a real estate attorney prepare your documents, you have the peace of mind  knowing they will be prepared correctly.

Do you have questions about property title transfers? Call and speak directly with attorney Scott Steinbach at 972-960-1850.

Texas Property Deeds is a service of The Steinbach Law Firm.

The Steinbach Law Firm prepares all documents for any real estate transaction in Texas.