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Kentucky Warranty Deed From Two Individuals To Husband And Wife Form

later this is Seth and in this video I'm going to take you through the process their warranty deed in a quitclaim deed and if you know anything about deeds those two types of deeds are actually very very different from each other but in terms of the actual information that has to go into the documents it's fairly similar across both of them creating a deed is actually a fairly simple thing just in terms of what information you have to put in there and how to put it all together so if that's something you're trying to do I just want to show you the basics of how that is done and I'm going to be showing you on a couple of blank templates that I've used in the past and I will say that these deep templates I'm going to be showing you do not work in all 50 states so don't just take these and start using them wherever you want to a lot of states have different laws and statutes and just details that need to be baked into deeds based on whatever state your property is located in so make sure you're working with the correct templates before you do this this is really just showing the process of how to insert the information once you do have the correct deed template to work with and I should also mention that there are a few states in the u.s. that actually require an attorney's involvement and the preparation of deeds and in closing real estate deals so before you even do this you may want to just verify that you're not working on a property in one of those states where an attorney's involvement is required in terms of where to get your deed templates there's a couple places I've worked with in the past one of them is US legal and it's basically just a huge library of deed templates for every state and a bunch of different transfer situations with US legal you can just pay a one-time fee and then download that template and then keep working with it again and again and again in that same state whenever you have that same type of transfer occurring in the future so that's kind of a nice thing about them is that you just sort of pay once and you can keep reusing it when that situation applies another site is called a Rocket Lawyer and that's one that I've been using a lot more recently and regular I think makes the process a little bit easier where there's just like a questionnaire where you answer questions and it will insert all that information automatically in a state specific deed template for you and then you can download that and use that in the future if you want there are plenty of other places you can get deed templates as well those are just the two that I've had the most experience with but even aside from all that in this example I'm just going to be showing you in the examples that I use and my state and again just remember these don't work everywhere so I'm not saying you should use this exact language just make sure you're working with the right template before you decide to put together your own deed before we get into this I just want to explain right up front that a deed is a very very very important document this is really the document that everything else revolves around when you're trying to you know close a real estate transaction and buy or sell a piece of property it's it's very important but at the same time it's usually not terribly complicated either I mean as you'll see here the template that I'm using it's just one page that's all legal size sheet of paper there's really not a ton just some kind of boilerplate language on here in this little tutorial I'm actually going to be showing you how to fill out both a warranty deed and a quitclaim deed because really a lot of the steps are almost identical I mean as far as filling out this section here in this section in this section I mean it's all it's all kind of the same the main difference has to do with this stuff here and then also the title of the document because I'll just explain to you in case you don't know both of these documents do indeed a transfer real estate from one person or entity to another person or entity however with a warranty deed the seller is actually giving the buyer their guarantee that the property is free and clear of any encumbrances and aleene's any significant title issues in essence they're saying that if anything goes wrong with the titleist property or if you find out that the title actually wasn't clear even though I said it was you can come back and get me for it and I mean but most people are comfortable doing that because when most people buy and sell properties they're getting title insurance a quick claim deed is a little bit different because when a seller signs a quitclaim deed and signs it over to the buyer they're not really making any guarantees of any kind they're just saying everything I own of this property if anything is now yours so just for example I could put together right now I quit claim deed for the white house and sign that over to and the reason that's okay and I can do that is because I don't have to guarantee anything to anybody even if I own nothing of something I can still use a quitclaim deed so you can kind of get an if for the differences between a quitclaim deed and a warranty deed kids with a quitclaim deed you really don't have to stand behind anything and with a warranty deed you do have to stand behind it so hopefully that gives us some context now just to get started we're going to show you how to fill out this warranty deed and we're going to use a hypothetical buyer and seller and yes this is a fictitious scenario that I literally made up on the spot our seller is going to be Ryan Gosling and our buyer is going to be Brad Pitt and Ryan's going to be son this just on his own behalf as if he owns it in his own personal name and Brad is going to be buying this in the name of his company XYZ properties LLC so we'll just get started here we're going to take Ryan's name and his marital status and we're going to put that right here there we go and then of this next part here we're going to put his mailing address which is fictitious as well put that right here now in this document Ryan is called the grantor that's because he's the seller he's the person who's granting the property and conveying it to the buyer so we'll go ahead and fill in Brad's information now and because Brett is buying it in the name of his company we don't have to worry about the marital status stuff but we do have to talk about what state this company is from so we're just going to call it a Louisiana limited liability company and then we'll put that address in here as well and you'll notice that the buyer is referred to as the grantee because are the ones receiving the property and this particular property we're going to use this example here and this is an example that I pulled from agent pro 24/7 this is basically just a boilerplate template of what their property profile reports look like if you followed me for any length of time you've probably heard me talk about agent pro 24/7 before the reason I use it is because it's really inexpensive and very very easy to work with basically pretty much any property in the United States you can pull up these property profile reports on them and these things are awesome because they just give you all kinds of information and details about the property you're looking at and really all we're concerned about for the purposes of creating this deed is getting this parcel number in this legal description right here right after where it says abbreviated description because we're going to need that information to pull it out of here and paste it right here so we'll put the legal description there and we will get the parcel number and put that right above it you just like so and just so you know the legal description is probably the most important part of this entire document because this right here is the literal legal description of what is being bought and sold as you can see this legal description is really really short and simple that's because the property itself that we're talking about is just this tiny little square a lot but believe me I've seen legal descriptions that are paragraphs long just very very complex complicated and just so you know if you get this legal description wrong it's kind of a big problem because it essentially changes the property that you're talking about here which is not a good thing for this reason I usually suggest that you double-check this legal description I mean don't just take this here as the gospel truth because it's just a very very important thing that must be correct in any deed so there's a couple different ways that you can verify this one would be to actually open up the title search and I've actually got a separate video on title search if you ever want to see that but really all you're looking for in your title search is what the actual prior legal description was so I mean as you can see in this example right here right here is the legal description and if you go down to the previous deed from years earlier here's a legal description again so be sure to compare and contrast what you're seeing in the past versus what you're actually putting in your deed itself and if what you're putting in your deed doesn't look anything like what you've seen in the past then you're probably going to want to figure out what's going on there another way to verify it would be to actually go to your county's website and try to look up the property in their system and see if they've got any kind of a legal description legal descriptions can actually be very confusing to read I mean it took me it took me years to figure out what I was looking at when I was reading these things and I'm actually still learning believe it or not if you need help in this area as you're getting stared you can feel free to talk to either an attorney or a title company or anybody like that because these people are experts at doing this kind of stuff and they can definitely help you make sure that you're getting this right once that's complete oh I'm sorry I actually got to fill out this part up here to almost forget in this case the city is right here city state and zip so we'll put that in here city of now the county is San Diego and the state is California okay so now we've got the city county state we've got the parcel number you've got the legal description all in there the next step is put in the consideration amount otherwise known as the purchase price and just for kicks we're going to say that this is being sold for a hundred bucks hundred dollars $100.00 and believe it or not I've actually bought and sold a lot of properties for about that amount it's a whole other story you're also going to put it here in numerical figures like that just as the actual number and then receipt it which is hereby acknowledged and then this cell here is just kind of boilerplate stuff for the date we're just going to put this first day of we'll just call it July 2014 and then signed and sealed and this is going to be the actual sellers name so in this case it's going to be Ryan Gosling fix that right there and then down here you would actually take this part to a notary and that notary would actually have to witness Ryan signing this and then they would fill out all of this stuff for him if the seller ever isn't sure where exactly to find a notary they can typically find a notary at any bank or credit union or title company or any place like that so all they'd have to do is go there and the purpose of a notary just in case you didn't know is basically just to act as proof that this actual person was the actual signer on this document and I wasn't somebody who came in and just tried to forge the signature so that's why that's important and then down here at the very bottom you actually have to say who prepared the document and then who the documents should be sent back to after it's recorded at the county ok now that's pretty much how you do the entire deed we've got all the information plugged in there the only notable difference that I think you'd probably probably want to be aware of as far as hi of format this is if for instance we were to switch this around and Brad Pitt was actually the person selling it and Ryan was the person buying it in that case Brad would be signing this but he'd be signing on behalf of his company and when you're doing that this little signature block gets formatted a little bit differently and let me show you exactly how that would look it would look like this just like that and then we're going to put by Brad Pitt its member just like that and then obviously all this stuff would be switched backwards basically so that XYZ properties is listed first and then Ryan Gosling is listed as the buyer that kind of thing but yeah that's that's pretty much it to fill out this quitclaim deed it's honestly almost the exact same steps it's just that it includes a little bit less information and it's called a quitclaim deed not a warranty deed so there's no warranty being given but you know the notary all that stuff is the same all this stuff done here is the same just kind of document with a lot of the same actions and it's worth noting that every single state in the US has some some varying you know laws and statutes and regulations and all that about how you write deeds so really what I would suggest if you're going to be doing something in any other state probably the best resources I can share with you is this company here called the US legal and all you got to do is go right here where it says real estate then down here where it says deed forms and right here is going to show you all the different states in the country and just for example if we wanted to go to California there are all kinds of different templates here I mean literally pretty much any scenario you can ever think of whether it's you know husband or wife selling it to a corporation or just look through it and you'll see exactly what I'm talking about but all you got to do is you know find the state and whichever scenario you're working on you can click on that and you can buy these things right here and you can X to see a preview of them before you get them so I mean if you just take a look at this here as you can see this template looks a little bit different than Miami there's some differences in formatting and all that pretty sure some of the wording throughout here is going to be a little bit different for the most part the actions that you have to take to fill it out are pretty much the same there's just kind of some different wording throughout here based on the various laws and statutes and rules in California so just for the record it is actually extremely important to be working with the correct deed document that has the right wording and all that if you want to make sure that you're working with the right thing I would definitely suggest that you head over to US legal find the state find the scenario that you're working with you know check out the preview and take a look at what you're going to be buying and once you know you got the right thing go ahead and buy it and then the beauty is you can use that same template over and over and over and over again as long as you're still working in that same state so that's all for now hopefully you found that helpful and again just to be clear I am NOT an attorney alright so do not take this as legal advice this is just the exact way that I create my deeds which I've been doing for several years now and it's it's been working fine for me but definitely before you start doing this stuff make sure you run this documentation a legal professional in your area who can actually give you advice on your exact situation do not take this stuff as the gospel truth I just wanted to show you a very quick overview of how I do it in the way that works for me so thanks again for checking out the video I hope you found it helpful and yeah well let's stay in touch