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What is a warranty deed?

by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

How do I transfer real estate in Nebraska?

A person requesting recording of a Nebraska deed must submit to the register of deeds a completed real estate transfer statement (Form 521). Form 521 is published by the Department of Revenue. The new owner (the grantee) or the owners legal agent must sign it.

What is the most desirable deed for a buyer?

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

Which deed provides the greatest protection for the buyer?

A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home even dating back to prior property owners.

Who benefits the most from a warranty deed?

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.

How do I transfer a deed in Nebraska?

To complete the transfer, the deed must be recorded in the office of the Register of Deeds of the county where the property is located. All deeds also require a Form 521 - Real Estate Transfer Statement.

How do I file a quit claim deed in Nebraska?

Nebraska Quitclaim Deed Laws Signing - All quitclaim deeds written in the state must be signed by the individual(s) selling the property in the presence of a Notary Public (NRS 76-211) Recording - All quitclaim deeds must be filed in the County Recorders Office in the city or county where the property is located.

Does Nebraska have a transfer on death deed?

(b)(1) A transfer on death deed shall contain the following warnings: WARNING: The property transferred remains subject to inheritance taxation in Nebraska to the same extent as if owned by the transferor at death. Failure to timely pay inheritance taxes is subject to interest and penalties as provided by law.

How do you transfer deeds of a house?

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.

What is a warranty deed in Nebraska?

A Nebraska warranty deed formsometimes called a general warranty deedtransfers real estate guaranteed to have a good, clear title. The current owner provides warranty of titlea legal promise that the propertys title is subject to no liens, mortgages, conflicting ownership claims, or other defects.

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