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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.
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.
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 transfer on death deed in Nebraska?
In addition to using the proper form, the TOD deed has certain requirements that must be met: (1) the TOD deed must be signed by two independent witnesses; (2) the independent witnesses and you (the property owner) must all appear before a notary public and have it acknowledged before the notary public or other
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The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes docHub covenants or warranties conveyed by the grantor to the grantee.
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.
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 I fill out a quit claim deed in Nebraska?
How to Write a Nebraska Quitclaim Deed Preparers name and address. Name and mailing address of the party to whom the recorded deed should be sent. County where the real property is located. The consideration paid to the grantor (dollar amount should be written in words and numbers) Grantors name and address.
Does Nebraska have real estate transfer tax?
001.01 The documentary stamp tax is a tax upon the grantor for the privilege of transferring beneficial interest in or legal title to real property located in the state of Nebraska based upon the value of the real property transferred. The tax is due when a deed is offered for recording, unless it is exempt.
Right of first refusal in real estate contract is personal to buyer
Feb 14, 2011 In 1996 the Flatterys executed a warranty deed to Stanek transferring title in satisfaction of the real estate contract.
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