Warranty Deed from Husband and Wife to a Trust - Utah: Fill out & sign online

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What is the difference between a warranty deed and a mortgage?

According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

How do I transfer a deed in Utah?

Utah Code 57-1-12.5. Utah Quit Claim Deed Form Provides no warranty of title.Transferring Utah real estate involves four general steps: Locate the Prior Deed to the Property. Create the New Deed. Sign and docHub the New Deed. File the Deed with the County.

How do I transfer my property into a Trust in Utah?

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, docHubd and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

What is a deed of trust in Utah?

A Utah deed of trust is a legal instrument that temporarily assigns an interest in real estate to a trustee until the owner settles their financial obligation to a lender. The deed secures the lenders loan by authorizing the trustee to foreclose the property should the owner default on the loan terms.

What are the disadvantages of putting your house in a trust?

The Cons. While there are many benefits to putting your home in a trust, there are also a few disadvantages. For one, establishing a trust is time-consuming and can be expensive. The person establishing the trust must file additional legal paperwork and pay corresponding legal fees.

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