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A deed is a legal document that grants ownership to a piece of real estate or other property asset. A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerks office.
Security Instruments (Deed of Trust vs. Deeds of trust and mortgages are both acceptable under Maryland law, however, deeds of trust are used in almost every residential transaction.
Some states allow both mortgages and deeds of trust.Mortgage States and Deed of Trust States. StateMortgage StateDeed of Trust StateMarylandYYMassachusettsYMichiganYYMinnesotaY47 more rows
A deed of trust is a legal agreement thats similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.
Survivorship Tenancy. Ohio does not recognize joint tenancy with right of survivorshipa common-law form of joint ownership under which a surviving co-owner automatically receives a deceased co-owners interest.
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A deed to be recorded can be prepared by an attorney licensed in Maryland or by one of the parties named in the deed. It is critical that each step is followed precisely and that the wording of the dead is accurate. Otherwise, an intended deed transfer may not be effective.
In Ohio, a Survivorship Deed is used to convey title to real estate to two or more people as joint tenants with rights of survivorship. Upon the death of an owner, the property passes to the surviving owner(s). A Survivorship Deed is commonly utilized to convey property to spouses.
Six Commonly Used Deed in Ohio General Warranty Deed. The most common form of deed used in Ohio is a General Warranty Deed. Limited Warranty Deed. Quit Claim Deed. Fiduciary Deed. Joint and Survivorship Deed. Transfer on Death Designation Affidavit.
Security Instruments (Deed of Trust vs. Deeds of trust and mortgages are both acceptable under Maryland law, however, deeds of trust are used in almost every residential transaction.
While it is generally wise to record your deed, Ohio law does not require a deed to be recorded for title to pass from you (the grantor) to a grantee. To transfer title, you must deliver the executed and acknowledged deed to the grantee.

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