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Josh Blanchard demonstrates how to search for title online using Cincinnati as an example. He explains the importance of knowing the owner's name and subdivision when researching properties. He uses the Hamilton County Auditor website to input the property address and find information. This method can be applied in other states with similar online resources.

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What is the most common type of deed?

A warranty deed is a transfer of title where the seller pledges to the buyer that the property is owned free and clear of all liens. This deed is the most commonly used deed with the issuance of title insurance.

What is the process of gifting a property?

For the purpose of making a gift of immovable property, the transfer must be registered, signed by or on behalf of the donor, and attested by at least two witnesses. The stamp duty, calculated on the basis of the market value of the property (differing from state to state), must be paid at the time of registration.

Is cash gift deed taxable?

all gifts are charged to tax Sum of money received without consideration by an individual or HUF is chargeable to tax if the aggregate value of such sum received during the year exceeds Rs. 50,000.

What are the three deeds?

The 3 Types of Deeds General Warranty Deed. Special Warranty Deed. Quitclaim Deed.

What is the best deed in real estate?

Its the type of deed that offers the most buyer protection. When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims.

What is the advantage of gifting property?

One of the reasons to consider gifting property during your lifetime is to reduce the amount of your taxable estate, said Banuelos. However, with the increased exemption amount, this may not play as large a factor as it did in the past.

Which deed has the most protection?

A general warranty deed guarantees the property is free and clear of any liens and that the seller has the authority to sell the property. A warranty deed provides a buyer with the most protection.

How is a gift deed made?

Both parties should mention all relevant information like address, name, date of birth and signature. A gift deed should have two witnesses and their signatures. A gift deed should be printed on stamp paper once the amount is paid. Once that is done, it should be registered at the registrars or sub-registrars office.

What are the three types of deeds?

Types of deeds in India: Deed of Adoption. Deed of Quitclaim. Deed of Trust. Deeds of Court Order.

How do I make a gift deed for money?

Process for Gift Deed for Cash Gifting Gifting is a willful act, and the gift deed should state that the donor is going to gift the money at his or her own will and without coercion or force. The donees acceptance to obtain such a gift should also be stated in the deed by the manner of the donees signature.

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