The transferring of property, also known as transferring of a Fee Simple Deed, is the way real estate is transferred between buyers and sellers in Pennsylvania. See also: What is intestate succession The Deed shows that the buyer now legally owns the property. This allows the locally elected Recorder of Deeds to keep a record of the properties’ past and current owners. It is possible to go to any local recorder of Deeds and research all the previous seller, buyers, mortgages, liens, easements, satisfactions and other property information.
Transferring deed of property to a spouse or relative
Here at Latoison Law, we routinely transfer deeds between buyer and seller, as well as adding and removing people from property deeds. Often, a spouse or family member wants to add another member of the family to their deed. By adding this individual to the deed, you can avoid having to go through the intestate process when that individual passes away. Under state Law transfers between spouses and immediate family members do not require the payment of transfer taxes.
How to transfer property deed in Chester County, PA
It is important that the deed is done correctly. Having misspelled names or property descriptions can result in issues with the chain of title, creating potential transfer issues in the future. It is also important that the transfer taxes are calculated correctly. Calculating transfer tax is done using a formula set by the state of Pennsylvania. Failure to pay the correct amount could result in an investigation.
Deed transfer attorney near you in Chester County, PA
At Latoison law, we pride ourselves on providing accurate deeds quickly. Whether you are a buyer, seller, or investor, we can get the title transferred immediately. Time is of the essence when it comes to legal transactions. People often come to Latoison Law because their previous attorney was taking too long to transfer the deed. Not only will Latoison law be able to do your deed transfer within 48 hours, we will give you a time stamped copy. Having a time stamped copy allows you to keep moving in getting insurance, utilities, and other property ownership privileges.
Real Estate Investors need to move quickly, and at Latoison Law, we provide a 48-hour turnaround!
A deed is a type of legal document that transfers ownership of real estate from one owner to another. Deed transfers are a complicated process that requires a competent attorney.
Deeds are specialized documents that require precise language. If any language in the deed is found to be incorrect, it could invalidate the deed. Deeds also require the calculation of transfer costs using a specific formula. Additionally, many municipalities require the filing of additional documents. At Latoison Law, we have experience transferring deeds, and we do so in a timely manner.
No Title Insurance? No Problem!
In Pennsylvania, title companies will not handle a deed transfer without title insurance. There are numerous situations where investors need a deed, but not title insurance. Latoison Law can help!
Latoison Law looks forward to working with you!
