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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Knowing what the title record amounts to is of utmost importance.. Posted by Ward-CA- on March 21, 2002 at 5:55 PM In Reply to: Transfer Deeds posted by Jim on March 20, 2002 at 7:42 AM : As the newly assigned holder of a note and 2nd DOT, what would be the best way to transfer title in a small equity ($1,000 1,500) buy-out from the current property owners, Quitclaim or Grant Deed? : If I take title subject to the 1st, get Deed signatures notarized, exchange cash for deed and bring everything current (reinstate 1st, back property taxes, HOA, Sewer, etc.) do I need a costly escrow? : I will be selling this Nevada property immediately giving title insurance to new buyer. I plan to do a thorough records search prior to transfer. : Thank you, Jim =•=•=•=•=•=•=•=•=•=•= Jim, title companies prefer to see you take title via a Grand Deed. What you really need is a very accurate title report to be certain there aren’t any undisclosed issues regarding other liens or ownership issues to the property. All an escrow does is coordinate the various promises made in the escrow instructions. Good luck Jim. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : As the newly assigned holder of a note and 2nd DOT, what would be the best way to transfer title in a small equity ($1,000 1,500) buy-out from the current property owners, Quitclaim or Grant Deed? : : If I take title subject to the 1st, get Deed signatures notarized, exchange cash for deed and bring everything current (reinstate 1st, back property taxes, HOA, Sewer, etc.) do I need a costly escrow? : : I will be selling this Nevada property immediately giving title insurance to new buyer. I plan to do a thorough records search prior to transfer. : : Thank you, Jim : =•=•=•=•=•=•=•=•=•=•= : Jim, title companies prefer to see you take title via a Grand Deed. : What you really need is a very accurate title report to be certain there aren’t any undisclosed issues regarding other liens or ownership issues to the property. All an escrow does is coordinate the various promises made in the escrow instructions. : Good luck Jim. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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