Easily Hide Currency in the Warranty Deed

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How to Hide Currency in the Warranty Deed

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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting their differences despite similarities in required information. He emphasizes that drafting a deed is straightforward and will demonstrate the process using blank templates. However, he warns viewers that these templates may not be applicable in all states due to varying laws and regulations affecting deeds. Seth stresses the importance of ensuring compliance with specific state requirements before using a template for any legal transaction.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the most protected deed?

A general warranty deed is a deed used to legally transfer real property from one person to another. This type of deed offers the most protection for the buyer.

What is a consideration amount?

Consideration Amount means, with respect to any Market Sale, an amount equal to the cash proceeds actually received by the Financing Provider with respect to such Market Sale.

What is in consideration of ten dollars and other good and valuable consideration?

The ten dollars is the peppercorn that provides concrete consideration and ensures that the contract is valid, while the actual amount paid for the house is hidden and referred to only as the other good and valuable consideration.

What is the highest warranty deed?

The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes docHub covenants or warranties conveyed by the grantor to the grantee.

Why do warranty deeds say $10?

Nominal Consideration Most deeds recite nominal consideration (e.g., the sum of $10.00). This keeps the actual consideration private and is common practice in most states. Actual Consideration Actual consideration is sometimes used if the parties want to publicly document the purchase price paid for the property.

How do I keep my address private when buying a house?

Steps You Can Take to Protect Your Privacy Immediately establish a P.O. Box or CMRA (commercial mail-receiving agency) and NEVER receive mail or packages at home. Remove your home address from any of your company filings with the State and DO NOT serve as your own Registered Agent sharing your home/street address.

What type of deed is typically used when money is not being exchanged?

Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.

What does in consideration of ten dollars mean?

This is something of value is known as consideration, and in our case is whatever it is we are paying you for the property. The first paragraph of our Conveyance states: in consideration of the sum of Ten and more dollars ($10.00) cash in hand paid and other good and valuable consideration.

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Hide Currency in the Warranty Deed