A deed is an important document. A deed is a legal document that states ownership of a piece of property. When you go to purchase a home, you typically cannot buy the home outright. You must go to a bank to obtain a mortgage. Until a homeowner pays the mortgage in full, the bank holds the deed. Once you have the deed in your possession, you might want to sell the property. By doing so, the deed must be legally transferred from the current owner to the future owner without imperfections.
At Freundlich & Littman, LLC we are your dedicated and experienced deed transfer attorneys. We handle deed transfers, property transfers, and other issues related to deeds. The manner in which a deed transfers owners is important. One false move could void the transfer. Legal counsel is often necessary for out of state deed transfers and complicated title exchanges.
Contents Of A Deed
A deed to house, car, or boat should contain similar information. The absence of key terms leads to legal grounds for a third party to obtain ownership of the deed. Without key terms on the deed, it is difficult to ascertain true ownership. If you own the deed to a piece of property and wish to transfer, make sure your deed has:
The deed must be in writing. In the law, any issues regarding property must be in writing. This is commonly referred to as the “Statute of Frauds.” Pennsylvania has a statute of frauds in the books. Avoid problems by reducing the deed transfer to writing.
Further, you must have the deed notarized in order for it to be official. Following the transfer, the owner should record the deed in the county in which the property sits. Be sure to take the filing fee with the notarized and signed the deed at the county office. A recorded deed means that all other claims to the deed are in question.
Take special care to detail the deeded property on the deed itself. A vague notation is not enough in most cases. For example, “fourth house on Birch Street” could be any fourth house on any Birch Street in any state. This is insufficient. Instead, cite the property with particularity.
We suggest you seek legal counsel before undertaking a deed transfer by yourself. Mistakes such as the issue outlined above are common. They are also costly. Seek our help to mitigate risks of a failed deed transfer.
Types Of Deeds
A second and equally important reason to have legal counsel is the type of deed. Not all deeds are the same. Deed transfers are more complicated than a simple exchange of a property and a piece of paper. That single piece of paper can have ramifications for current and future owners if not executed properly.
Take note – you must understand the type of deed transfer before agreeing to the sale. Otherwise, the implications shock you down the road.
Pennsylvania Deed Transfer Attorneys
Freundlich & Littman is your local greater Philadelphia area deed transfer attorneys. A deed transfer is a delicate and exciting part of a homeowner’s life. In the excitement, the proper legal procedure is not always followed. This means that a third party may claim a legal right to the deed.
For instance, a deed holder could transfer to both of his sons solely and without each other knowing. Both transfers were good on paper. Who then gets the property? This situation is more common than you can imagine and complicated. We specialize in complication. Let us handle your deed transfer issues. We work hard so that our clients do not have to worry.