Q:
Do real estate
forms have to be notarized? records.
Examples are deeds and mortgages. Forms that will not be recorded generally do
not have to be notarized, such as a lease form. Q: What is the difference in a warranty and a
quitclaim deed? A:
A warranty deed assures the buyer that the Seller will defend his title to the property from all
other persons. A quitclaim deeds conveys
whatever title the seller owns but
with no warranty against the claims
of others. Q:
What is a
disclosure statement? A:
A disclosure statement, as used in the real estate context, is a form
the seller of property must complete
and provide to the buyer disclosing to the buyer all defects and various
other information about the residential property. Q:
What is a closing? "closing" is a meeting
where all of the documents are signed and money changes
hands. Q:
Who is the
grantee and grantor? A:
Grantee-The person to whom an interest in real property
is conveyed.
Grantor - The person conveying an interest in real
property. Q:
What is
Truth-in-Lending? and conditions of a
mortgage, including the annual percentage rate (APR) and other
charges. Q:
What does tenancy
in common mean? A:
As opposed to joint tenancy, when there are two or more individuals on title to a piece of
property, this type of ownership does not pass ownership to the others in the event of
death. Q:
What is the Real
Estate Settlement Procedures Act (RESPA) A:
A consumer protection law that requires lenders to give borrowers advance notice of closing costs. Q: If I have a Septic System versus City sewage how do I know what to do ? A: CLICK HERE for more information.
A: Most real estate
forms must be notarized to be recorded in the land
A: Although this term
may mean different things in different states, the
A: A federal law that
requires lenders to fully disclose, in writing, the terms
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