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A warranty deed is a type of deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate.
Is Alaska a deed of trust state?
Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia,
Is Alaska a mortgage or deed of trust state?
Deeds of trust are used instead of mortgage loans in these states: Alaska. California. Colorado.
How do I transfer ownership of a property in Alaska?
The transferring of Title to property from one ownership to another requires recording a Deed. A Warranty Deed may be done when an owner guarantees, through a title report, that he or she holds clear title to a property.
What is the statute of trust deeds in Alaska?
(a) If a deed of trust is executed conveying real property located in the state to a trustee as security for the payment of an indebtedness and the deed provides that in case of default or noncompliance with the terms of the trust, the trustee may sell the property for condition broken, the trustee, in addition to the
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What is the difference between a trust deed and a deed of trust?
A deed of trust, also called a trust deed, is the functional equivalent of a mortgage. It does not transfer the ownership of real property, as the typical deed does. Like a mortgage, a trust deed makes a piece of real property security (collateral) for a loan.
How to put your house in a trust in Alaska?
Steps to Setting Up a Trust in Alaska Determine Your Goals. Before establishing a trust, consider your specific estate planning objectives. Choose the Type of Trust. Select a Trustee. Draft the Trust Agreement. Transfer Assets Into the Trust. Fund the Trust. Maintain and Administer the Trust.
Related links
Transferring Ownership of Assets - Alaska Court System
The Personal Representative must prepare a Deed to transfer real property to a new owner unless it passes automatically to the spouse of the person who died.
Ware v. Ware and the Presumption of Undue Influence in
by IW Fraser 2021 The Alaska Supreme Court has long held that there is a presumption of undue influence when the main beneficiary of a will has a confidential or
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