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Derivation clause is a provision in a deed of trust that gives information about the transfer of a property like the source of the title. It provides details about the name of the previous granter and the recording date of the deed. ... Derivation clause and address of grantee or mortgagee on deeds and mortgages.
A conveyance of land or of any interest in land in Indiana should be made by a deed in writing that has been subscribed, sealed, and acknowledged by the granter or by the granter's attorney (32-21-1-13).
The general way to convey real property in Indiana is through a warranty deed. In certain cases, you may also use a quitclaim deed, a deed of trust or a grant deed. Most deeds require the name of the granter who is the current owner; the grantee (the new owner) as well as the legal property description.
In Indiana, quitclaim deeds must meet certain requirements to be valid. Once a valid deed is executed, it must be filed with the county recorder in the county where the property is located, and a filing fee must be paid. If the deed doesn't meet the requirements for a valid deed, the recorder will reject the filing.
Taxes and Fees Indiana does not impose real property transfer tax on property deeds. However, the county auditor and assessor charge a fee to process the sales disclosure form. This fee is generally $15 for both. Real property taxes are applicable in Indiana, however.
You can get a copy of your deed from the Recorder's office, and our staff can help you with your search. However, we cannot conduct searches for you. Companies may contact you and offer to send a copy of your deed for $60. We can provide you with a copy for $1 per page, and a certified copy for an additional $5.
Contact a real estate attorney. ... Conduct a title search on your property. ... Complete the deed. ... Sign the deed in front of a notary public and any other witnesses required by your state's law. Give the deed to the relative you want to receive the property. Make sure the deed is recorded.
Although many people assume a deed must be recorded to be valid, a deed can be valid between the parties to the deed without decoration. However, to be effective against third-party purchasers for value without actual knowledge of the deed, the deed must be recorded according to law.
Stat. § 689.01 lists three basic requirements for the validity of a Florida deed: ... The deed must be signed by the transferor (the current owner) of the property or his or her duly authorized agent or representative; The deed must be signed in the presence of two witnesses, each of whom must also sign the deed.
The Florida deeds are what you need if you plan on selling or buying real estate in Florida. A deed is a document that allows a seller to transfer property to another at an agreed upon price. ... These questions can be answered by completing a title or property search of the property or a land records search.
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