Since the nature of conveying and recording title is a quick process, many homeowners are under the impression that they can handle this task without calling upon the expertise of a real estate attorney. Property deeds are legal documents that transfer property rights in real estate. There are three common types of property deeds used today:
- Warranty Deeds: transfers ownership as well as additional promises like making sure the property has no liens. Once it is determined that the promises are accurate, the transferring party then agrees to pay the buyer.
- Grant Deeds: transfers ownership and typically makes the promise that the property has not been transferred to anyone else.
- Quitclaim Deeds: transfers any ownership rights that the transferring party has on the property. This type of deed is typically used when the transferring rights are not completely clear.
As such, when a person or business entity obtains interest in a property they must take the appropriate steps to acquire deeds. Changing or transferring a deed might seem easy on the surface, but the truth is that without meticulous inspection and careful consideration of details the potential for a number of problems in the future is likely. These tasks are best left to experienced real estate lawyers who have the specific capacity to deal with property deeds seamlessly.
Homeowners are often overwhelmed with a number of additional concerns when the issue of property deeds arise. With this in mind, hiring a deeds attorney is critical to the process of getting things done correctly the first time around, circumventing the possibility of future challenges. Some of the most common reasons a homeowner would want to make changes to their property deeds include:
- Buying or selling a house
- Getting married or divorced
- Transferring ownership to a corporation or trust
- Refinancing a mortgage
- Home equity line of credit
- Last will and testament of a relative
- Giving a home as a gift
No matter what your reasoning may be, making changes to a title requires the knowledge and proficiency of an experienced, trustworthy real estate attorney. At the Law Office of Brenda Murzyn, P.C., we are committed to providing unmatched legal service to our clients. Contact our office today to learn more about your real estate options!
I appreciate you being honest about the difficulty of transferring a deed to a home. My wife and I want to transfer ownership to our son this year, but don’t know anything of the process. We will probably benefit from hiring a professional real estate agent.