Tax Lien Certificates Book
Already finished reading your
portion and really enjoyed it. I'm
going to be making some foreclosure
connections this week as well as
checking on the other deed sales in
nearby counties. I'm starting to
believe this is something that can
really be done and not just
something that people buy books and
classes about.
- M. Wilson |
What is a Deed?
A deed is a document that
transfers ownership in real
estate. It is also
referred to as a title. A
deed involves a grantor and a
receiver (grantee). In
normal language, a deed involves
a seller (grantor) and a buyer
(grantee) for voluntary
transfers.
A deed is different than a
mortgage. A mortgage is a legal
document that a buyer/grantee
gives to a lender as a promise
to pay back the money he/she has
borrowed. The grantee is
referred to as the mortgagor and
the bank or lending institute is
referred to as the mortgagee
(the one who receive the
mortgage). A mortgage creates a
lien on a property until it is
paid.
Some important things to
remember about deeds:
-
All deeds must be in writing
to be enforceable in court.
-
All deeds convey title to real
property.
-
All deeds must have a seller
(grantor) and buyer (grantee).
The grantor must be able to
enter into legal contracts.
-
All deeds must have a proper
legal description.
-
All deeds must be executed or
signed by all grantors.
-
A deed should be recorded to
establish legal notice;
however, it is still valid if
not recorded.
-
A deed must be accepted by a
grantee to be valid.
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Online Course
Tax Sales Book
I recently purchased the Rogue Real
Estate Investor Collection from you
and have been very intrigued by the
information contained within. You
did an excellent job putting
together all of the information.
- B. Heider, California
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