property transfer

Hi,

In my opinion a warranty deed is the best option for you to choose as it formally transfer title of the interest one has to another person.

Thanks

Hi,

I too agree on that with Ronstadt. It is a kind of deed in which the grantor warrants that the title is clear of all claims.

It is kind of formal assurance from the grantor about the title of the property and also an agreement from his part to protection for the purchaser if any claims to the title arise in future.

Thanks
Blue

In addition to what Blue and Ronstadt said a warranty deed also reflects on how the owner of the property acquired the title and acts as a kind of specifier.

Thanks

Hi,

Do go through this page about warranty deeds which will provide you more details about the features of warranty deeds which have made them one of most used deeds in property transfers.

Colin

hi,

generally, most people transfer their interest in the property through a quit claim deed. and, for transfer of ownership rights, either a warranty deed or title deed is mostly used.

i should say that you consult an attorney and mention your terms and conditions for the deed, so that he can advice which is the best for you. for preparing a deed and recording it, you do need an attorney's help.

thanks,

sara.

Hi Que,

The most common way to give away interest in a property to someone is a quit claim deed.

Find out more on this deed from our resources.

Thanks,

Caron.

is it legal for non veterans to assume a veteran loan? What was the interest rate for veterans in l978?

Yes from what I know non-veterans are also allowed to assume veteran loans.

Thanks
Carrie

Hi,

As Carrie said a non-veteran can assume a VA loan.

But if the loan closing date was after March 1, 1988 then the lender or VA will review and thereafter approve the qualification of the person assuming the loan.

Colin

Hi,

It may also be asked that what will happen if the loan was closed before March 1, 1988.

If the date is prior to that mentioned date then the loan can be assumed by the person purchasing the property without approval from lender or the VA.

Thanks
James

Hi,

Non-veterans can assume VA loans but there are certain conditions under which this can be done. These terms and conditions may vary from one lender to another. So, it is better that you ask the lender regarding the conditions.

Thanks,

Caron.

Hi,

The VA loan interest rate for veterans in 1978 was 9%.

Sara.

Is there a listing of Va loans to assume. I'm looking for something in Virginia

Hi,

Your query isn't clear; can you please explain it so that I can give you a suitable reply.

Thanks,

Sara