Electronic Signature Lawfulness for Quitclaim Deed in India - Simplifying Business Transactions

How to eSign a document: electronic signature lawfulness for Quitclaim Deed in India

what do you mean someone stole my deed hi i'm mark stiles of styles law down here at studio b what do you mean someone stole my deed well that's a great question nicole but let's back up just a step in massachusetts we utilize what's called a quit claim deed although most people often hear quick claim deed or even quick lame deed the true terminology is quit claim deed and what it means is i am conveying my property to you i am thus quitting any claim i may have on that property so if i own a home i can quit claim all of my right title and interest in that home to you but without any warranties or representation i'm delivering to you transferring to you all of what i own in that property so that may be a hundred percent of the property that may be a portion of the property and that may be zero interest in that property but what do i mean okay here's an example in full disclosure i have no ownership interest at all in faneuil hall marketplace in downtown boston however i can agree to sell you all of my right title and interest in faneuil hall for 10 million dollars daniel hall for 10 million that's a great deal right except that i have no ownership interest in it remember have you ever heard the term buyer beware or for the latin fans caveat emptor so you've agreed to buy faneuil hall from me did you do your research did you do your due diligence to find out if i owned faneuil hall well that's what i'd refer to as a quick lame deed quick because i'm going to take that 10 million dollars and hurry up out of town lame because it doesn't have any significance at all but i don't think that's what nicole meant with her question i think she was referring to the television advertisements whereby a company is selling protection against somebody fraudulently selling your property out from under you to a third party is that right nicole the short answer is yes crimes are committed every day but there would need to be a criminal who's going to deceive a buyer into believing that they are you and that they own the property this is not an easy task to do however it can be done that perpetrator would have to fraudulently sign a deed and have that deed fraudulently notarized and delivered to this buyer then the buyer thinks they own the property so what can we do to protect against that well the number one way to protect yourself as an owner is to have an owner's policy of title insurance we did a video a while back it's a cartoon video actually fun for the whole family it's about title insurance and this situation would fall under the category of post policy fraud after you've purchased the title insurance policy a fraud is committed somebody tried to sell your property out from under you that would be a claim covered by an enhanced owner's title insurance policy so check out that video another great reason to purchase these valuable policies folks i hope you enjoyed this content if you did please share it with everyone and anyone and don't forget to subscribe to our youtube channel right here at styleslaw now remember whenever you're working with a tax financial real estate or mortgage professional and legal services are required let that professional know that you want to work with the team at styles law thank you and be well you