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When you buy a new TV or a piece of furniture, you’ll have the receipt as proof of purchase. But with assets of significant value, such as real estate, deeds are required to authenticate ownership. Here's more information about these documents.

4 FAQ About Property Deeds

What's a property deed?

When a piece of real estate is sold, the property deed must be transferred from the existing owner to the new one. This formal document contains specific details, including the names of both owners and the type of property the deed represents.

How does a deed become valid?

deeds

To take or transfer a deed, the signing must be performed in front of a notary public. They'll act as the official witness and stamp the deed, marking it as genuine. The signer takes the signed, notarized copy to the appropriate land records office for filing, submitting it for a nominal fee.

What's a transfer-on-death deed?

When you pass, you can ensure your property goes directly to a close friend or loved one without having them go through months of probate. This is done by creating a transfer-on-death (TOD) deed for your asset. Once the TOD deed is completed and notarized, your beneficiary will receive the property without the court’s interference.

Why would I use a warranty deed?

When buying a property, the interested party usually performs a title search to ensure the seller holds the property's deed and that there aren't any liens held against it. If you want to assure the new owner that there are no liens and conflicting claims of ownership, draw up a warranty deed.

This document acts as confirmation of the rightful transfer of ownership, so the new owner can take on the asset with peace of mind. It also guarantees that if an issue arises, the previous owner will provide compensation.

 

If you need to draft or transfer ownership of a deed, turn to Hawaii Convey in Honolulu. These attorneys have nearly 35 years of legal experience, helping clients buy, sell, and transfer properly correctly. Get more information about their practice areas online, or call (808) 792-8777 to schedule a consultation.

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