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An Arkansas warranty deedsometimes called a general warranty deedtransfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the propertys entire chain of title.
In most states, there is a period of two years following the deeds filing date during which the quitclaim deed can be contested. If either the grantor or grantee wants to challenge the validity of the quitclaim deed, the challenge must be made during this time period.
Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members, for instance, from a parent to a child.
Transfer of equity usually costs anywhere between 100-500 plus VAT. The reason that this price range is so wide is that there are a lot of factors to consider. The propertys value, whether you need to remortgage, solicitor fees charges for additional checks all these things make a difference.
The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.
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An Arkansas warranty deedsometimes called a general warranty deedtransfers real estate with complete warranty of title. The current owner guarantees a good, clear title, and the guarantee covers the propertys entire chain of title.
The Real Property Transfer Tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. The tax rate is $3.30 per $1,000 of actual consideration on transactions that exceed $100.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
All parties just need to sign the transfer deed (TR1 form) and file it with the land registry. This needs to be accompanied by the land registrys AP1 form, and if the value of the transaction amounts to more than 40,000, then a stamp duty land tax certificate may also be required.
An Arkansas quitclaim deed is one of three deed forms Arkansas recognizes for transferring real estate during the owners life. The distinguishing feature of quitclaim deeds is that they transfer the current owners interest with no warranty or covenants of title.

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