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570 Yonkers Avenue Yonkers, NY 10704 TEL (914) 965-1011- FAX (914) 965-0019 How are You Holding Title in Your Home or Investment Property? A deed is a document that transfers ownership of real estate.
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How to fill out bargain and sale deed

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How to fill out a bargain and sale deed:

01
Begin by obtaining the appropriate bargain and sale deed form for your jurisdiction. This can typically be found online or through a local government office.
02
Fill in the names of the grantor(s) and grantee(s) accurately and completely. The grantor(s) is the current owner of the property, while the grantee(s) is the individual or entity receiving ownership.
03
Include the legal description of the property. This should be a precise and detailed description that clearly identifies the boundaries and characteristics of the property. You can often find this information on the existing deed or through a property survey.
04
Indicate any exceptions or reservations. If there are any specific rights or restrictions that the grantor wishes to retain, such as an easement, mineral rights, or a right of way, it should be clearly stated in the deed.
05
Sign the deed in the presence of a notary public or other authorized individual. The grantor(s) must sign the deed to acknowledge their intention to transfer ownership of the property to the grantee(s).
06
Record the deed at the appropriate office. This step is crucial to establish a legally binding transfer of ownership. The recording office will provide you with instructions regarding the fees and paperwork required for recording.

Who needs a bargain and sale deed:

01
Individuals or entities looking to transfer ownership of a property without warranties or guarantees may utilize a bargain and sale deed. It is commonly used in transactions such as foreclosures, tax sales, or transfers between family members.
02
Local governments or municipalities may also use a bargain and sale deed when transferring properties acquired through tax liens or other legal means.
03
It is important to consult with a real estate attorney or other legal professionals to determine if a bargain and sale deed is the appropriate choice for your specific situation. They can provide guidance and help ensure the transfer of property is legally valid.
Remember, it is always recommended to seek legal advice and consult with professionals when dealing with important legal documents like a bargain and sale deed to ensure accuracy and compliance with local laws and regulations.
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A bargain and sale deed is a type of deed used in real estate transactions that conveys property with certain warranties from the seller to the buyer.
The seller is typically required to file the bargain and sale deed with the appropriate government agency.
To fill out a bargain and sale deed, you will need to include information about the property, the seller, the buyer, and any relevant terms of the sale.
The purpose of a bargain and sale deed is to legally transfer ownership of a property from one party to another.
The bargain and sale deed must include details about the property being transferred, the parties involved, and any relevant terms of the sale.
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