Warranty Deed from Two Co Trustees to an Individual North Dakota Form
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People also ask
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What is a warranty deed in North Dakota?
A North Dakota special warranty deed is used to convey real estate ownership and guarantees that the grantor (seller) has done nothing to encumber the title while he or she has owned the property. However, the grantor is not guaranteeing anything that may have transpired with previous owners.
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Who uses a deed of trust?
Deeds of trust are used in financed real estate transactions: that is, when someone borrows money to buy real estate. During such a transaction, a lender gives the borrower money in exchange for one or more promissory notes linked to a deed of trust.
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How do I transfer property in North Dakota?
ing to North Dakota laws, an estate in real property, other than an estate at will or for a term not exceeding one year, can be transferred only by operation of law or by an instrument in writing, subscribed by the party disposing of the property (47-10-01).
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What is the trustee deed?
Trust deeds are an alternative to mortgages in certain states. Instead of an agreement directly between a lender and a borrower, a trust deed places the title of a property in the hands of a third party, or trustee.
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What is an example of a trust deed?
This Deed of Trust (the “Trust Deed”) sets out the terms and conditions upon which: [Settlor Name] (the “Settlor”), of [Settlor Address], settles that property set out in Schedule A (the “Property”) upon [Trustee Name] (the “Trustee”), being a Company duly registered under the laws of [state] with registered number [ ...
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What is a special warranty deed in CO?
Special Warranty Deed: A Special Warranty Deed is similar to a Warranty Deed in that the seller warrants the property against any defects that arose during the seller's ownership of the property, but differs from a Warranty Deed in that the seller does not warrant against any defects that existed prior to the seller ...
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Which type of deed is used by a trustee?
A trustee deed—sometimes called a deed of trust or a trust deed—is a legal document created when someone purchases real estate in a trust deed state, such as California (check your local laws to see what is required in your state). A trust deed is used in place of a mortgage.
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Which type of deed is used by a trustor?
A deed of trust is a type of secured real estate transaction that some states use instead of mortgages. Three parties are involved in a deed of trust: the trustor (or the borrower), the trustee (the third party who holds legal title to the property) and the beneficiary (the lender).
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