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Commonly Asked Questions about Legal Documentation for Real Estate

Youll also want to keep the original documents in a safe place, as you might need to provide them when you later sell the house, have to make an insurance claim, or are in another situation where you need to prove ownership. The most important originals are the purchase agreement, deed, and deed of trust or mortgage.
The three types of legal descriptions youre likely to encounter include: Metes and bounds. Rectangular Survey System (also known as Public Land Survey System or government survey method) Plat method or lot and block method.
4 elements are needed for a valid and binding contract that will be enforced by a court: legal capacity to contract, mutual consent, a lawful objective, and. consideration. in writing (if real estate contract)
A real estate sale involving financing typically contains at least three main documents; the loan agreement, a promissory note, and a mortgage instrument or deed of trust.
The deed includes the name of the buyer and seller and a detailed description of the property. Most importantly, the deed must contain proper legal language that conveys the transfer of property.
Related Definitions Real Estate Documents means, collectively, all Mortgages, all environmental indemnity agreements, and all other documents, instruments, agreements and certificates executed and delivered by any Loan Party to the Administrative Agent and the Lenders in connection with the foregoing. Real Estate Documents Definition: 139 Samples - Law Insider lawinsider.com dictionary real-estate-doc lawinsider.com dictionary real-estate-doc
Youll need a variety of documents in order to sell your home. Some of the most important include your mortgage loan documentation, mandatory disclosures and the deed.
However, the most important documents in real estate are offers, agreements, and contracts between the buyer and seller.