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A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will not warrant that the property title is free and clear, and it remains up to the grantee to check that the property is not subject to any legal encumbrances. [11]
Transferring property out of a trust after the trustor’s death is a multistep process in which the trustee fills out deed documentation, identifies mortgages and transfers ownership to the ...
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
As a remedy, the court may grant the wronged co-owner the fair rental value of the property for the time that they were ousted. Each owner has a right to an accounting of profits made from the property. If the property generates any income (e.g. rent, farming, etc.) each owner is entitled to a pro-rata share of that income.
Account type. Estimated transfer time. When court oversight is required. Individual • 3 to 6 weeks with a beneficiary • 3 to 24 months without a beneficiary
This is an accepted version of this page This is the latest accepted revision, reviewed on 19 January 2025. Legal declaration where a person distributes property at death "Last Will" redirects here. For the film, see Last Will (film). This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of ...