New York Warranty Deed from Husband and Wife to an Individual

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In New York, property titles can be transferred through either a gift deed or a sale deed, depending on the nature of the transaction. A gift deed is used when property is transferred without any exchange of money, often between family members.
When there are two names on a title deed, it means that there are joint owners of the property and each person owns an equal share of the property. The mortgage does not need to include both names to be valid. Even if the mortgage only lists one spouse, it does not affect the share of the ownership of the property.
The simplest way to add a spouse to a deed is through a quitclaim deed. This type of deed transfers whatever ownership rights you have so that you and your spouse now become joint owners. No title search or complex transaction is necessary. The deed will list you as the grantor and you and your spouse as grantees.
Entire (100%) by Seller If there are more than one grantee (besides husband and wife), this is considered tenancy in common. Each party owns an equal interest unless otherwise stated. A tenants in common interest can be sold or devised in a Will.
0:12 1:12 So its essential to understand the process and its consequences.MoreSo its essential to understand the process and its consequences.
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Heres how the process typically works: 1.1. Draft the Gift Deed. 1.2. Acceptance by the Wife. 1.3. Stamp Duty. 1.4. Registration. 1.5. Documents Required. 2.1. Sale Agreement. 2.2. Drafting the Sale Deed. 2.3. Execution of the Sale Deed.
Typically associated with real estate, joint tenancy warranty deeds are used when two or more parties come together simultaneously to take ownership of a property. The most common example of this type of deed is for unmarried couples buying a property together.
The legal deed that transfers ownership will list them as joint tenants. Each joint tenant shares an equal interest in the propertyboth in terms of financial responsibility and benefits.

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