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A real estate purchase agreement indicates everything that you want or don't want regarding a specific real estate transaction. This formal offer can be a pre-printed form in which you simply fill in the information or an original document drawn up with your specific ideas for the down payment and the obligations of the transaction participants.
A quitclaim deed allows a person to transfer a property interest without making any promises about the property. This quitclaim deed form may be used to allow you to transfer ownership of your property to joint tenants with a right of survivorship, which means that if any one owner dies, the other owners automatically take that person's share without probate.
When you need to transfer or convey property quickly but do not make any guarantees or warrants regarding the property, you can use the quitclaim deed to convey property ownership to tenants in common. A family may use this when transferring property between relatives or it may be used to add or remove a spouse from a deed.
A warranty deed guarantees that your property is free from unstated encumbrances in addition to the fact that you have a title to and a right to sell the property. If a property title is shared, the property itself is usually shared between you and another person, with survivorship rights adhering to the one who is living.
A notice to perform covenant or quit, also called a three-day notice, serves to notify a tenant either to correct their violation of the lease agreement or move out of your property. This document, which must be in writing and clearly lay out the violation among other items, is often the first step in initiating eviction proceedings.
Quitclaim Deed to be used to convey property ownership to a married couple as a tenancy by the entirety
A quitclaim deed can be used to convey property ownership to a married couple as a tenancy by the entirety is a faster alternative to the grant deed process. Notably, this deed does not guarantee that the title is owned by the grantor or free of encumbrances. 27 states currently offer a tenancy by the entirety to married couples.
If you need a loan?s rates or terms revised, you will have to most likely write a hardship or loan modification letter to the lender. This document explains the reasons, commonly extenuating circumstances such as a job loss or illness, behind hardship or late payments. This letter should also explain past efforts to remedy the issue.
If you own property and have recently married, you may want to transfer a share of the title to your home or other real estate holdings to your spouse so that both of you hold ownership. To do this, you can use a document called a Quitclaim Deed to be used to convey property ownership as community property.