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In general, in order to qualify for the service, a person must be a Texas resident who has an income of under 125% of the federal poverty guidelines. A person can make up to 200% of the federal poverty guidelines and still qualify only if that person is over 60 years old. [13] The number to call for the Transfer on Death Deed project is 1-800 ...
Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...
Real estate transfer tax can be appointed by the authorities of state, county or commune when a real estate property is being transferred within a certain jurisdiction. Subjected to the tax is usually the act of transfer of legal deeds, certificates and titles to a property that are being shifted between the seller and the buyer.
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Each entry includes several cross-reference details, such as the names of the grantor (seller) and grantee (purchaser), the description of the parcel, the volume and page of the Deed books, the date, and other identifying characteristics of the transfer (for example, the type of deed).
Many property owners create transfer on death deeds on their own, but even those who do hire an attorney to assist with preparing one are likely to face smaller legal fees than they would creating ...
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