How Is Warranty Deed Look Like: Fill & Download for Free

Never fear! The United States Public Records system, though antiquated, is a work of art and a masterpiece that has been digitized in many states.First, I am answering this question for consumers located in the United States.Second, readers should consider that each state will have its own unique laws and rules regarding how this mystery can be solved.I’m going to tell you what I would do, and perhaps following the way my nerdy brain works, you will be successful.Find the county in which the property is located and then go to that county’s website. From there, you’re looking for a way to search for public records. Not birth/death records but PROPERTY or it might say REAL PROPERTY records.Most systems want the legal description, which you probably don’t have. The second search option will be to search for Deeds, Deeds of Trust, Warranty Deeds, etc., by NAME. Search by your parent’s last name.The entire chain of title back to, say the 1980s if you’re lucky, will be in the database. Find the MOST RECENT SALE, meaning, the transaction in which your parents purchased the property (not refinanced, or not the first mortgage loan.) You’re looking for a Warranty Deed or the deed from the old seller into your parent’s name.ON THAT DEED, look for the RECORDING NUMBER. Each state is a little different. In Washington State we do it like this. For example, today is April 25, 2019. The first deed recorded today in King County, WA will be:201904250001.LOOK FOR THAT^ recording number on your parent’s warranty deed.Next, on that warranty deed, you’re looking for a stamp, and some handwriting. This is typically done by the escrow closer, sometimes called the ‘settlement agent’ in some states. That stamp might contain the name of the title insurance company that issued the Owners Title Policy for your parents.If that company is no longer in business, chances are that another title company purchased it. An escrow company located in your state, likely has a list of all the title insurance companies and who purchased who. Call ANY TITLE COMPANY in the county in which the property is located, and ask for the “title manager, the escrow manager, or the county manager.”Ask that person to help you figure out what title company purchased the older title insurance company. If that person does not know, he/she will probably know who DOES know the answer.If all else fails, contact your state’s INSURANCE COMMISSIONER. If a title company went bankrupt and no other company purchased them, your state’s insurance commissioner will have taken over all the records and will be able to help you.Your title insurance “owners policy” is still in effect, even if you can’t find the original policy. Your state’s insurance commissioner will refer you to the local title company that likely has taken over the title insurance policy of the defunct/out of business old company, if the company was not “purchased” by a stronger title insurance company.Good luck!

If the house is mortgaged and my name is not on the title or the mortgage, is there any legal way for me to get the house in a divorce?I’m not a lawyer. For legal advice, please consult a lawyer. And in this case, you really should.However . . .Sure. That’s easy enough.You really have three issues involved. One is the divorce and a divorce decree. The second is the mortgage. The third is the title.The divorce decree—the agreement of the parties to the divorce and the legal consequences or decisions resulting from that—presumably is easy. If your soon-to-be-ex wants you to have the house, then that problem is settled.So you and he are agreed. How do you acquire ownership to the house? Simple. He deeds it to you. He’s the owner; he can transfer ownership to anyone he wants. Often in divorce cases it’s done with a quit claim deed. However, check with a lawyer; it may be more desirable to have a general warranty or limited warranty deed. You can look up the definitions online. Basically, a quit claim deed involves a person (in your case, your husband) “quitting” any claim he has to the property. It’s completely legal, but is weaker in some respects than the other types of deeds I mentioned. Basically, when you decide to sell, your buyer will probably prefer a general warranty deed to a quit claim deed. In any case though, transfer of ownership is easy.As for the mortgage: It doesn’t matter who’s paying the mortgage. Ownership is determined by the deed. There’s a technique used by real estate investors called “subject to.” That is, they acquire a property by having the owner deed the property to the investor, but the mortgage stays in the name of the previous owner. The investor promises to keep paying the mortgage, and at some point in the future refinances the property so that both the deed and mortgage are in his name. That’s really what you’d be doing.The risk in a subject-to is to the seller. He no longer owns the property, but is still responsible for the mortgage. (The investor has promised to pay the mortgage and if he does so, then everything’s fine. The problem is if the investor doesn’t pay the mortgage; then the bank forecloses on the seller . . . the person whose name is on the mortgage. And the same risk exists here. It’s OK for the mortgage to remain in your husband’s name; the risk is, if you don’t pay it, the bank will come after him. If you do pay as agreed to, everything’s fine.There are some other techniques you and he might want to explore. One is using a land trust. It can get somewhat complicated but if, for whatever reason, the above process isn’t suitable to all concerned, you might consider that.It’s likely that the mortgage your husband has contains what’s called a “due on sale” clause—saying that the mortgage may be due in full if he sells or transfers the property to anyone else. In other words, the bank would have the right to foreclose on him if he sold or gave the property to someone else. However, there are 9 specific exceptions contained in the Garn St. Germain Act. Number 7 is: “a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;”Sorry for such a long answer. But the bottom line is: Yes. Your husband can transfer the property to you. The mortgage can remain in his name and you can pay it. And the transfer would not violate the due on sale clause of the mortgage.Again: I’m not a lawyer, so this isn’t legal advice. Please consult with a lawyer.

Brand new cars are not two years old, usually.Are you talking about a two-year old leftover car at a dealership? My friend just did that in May of 2019—buy a 2017 leftover with thousands of miles—I think they overpaid, but did not want to pry because it was a done deed, so why make them feel bad about being cheated?(She claimed it was never registered, so is a new car. But it had thousands of miles on it. It must have been either a demo or loaner car.)When my sister and I just graduated from college, decades ago, we bought a leftover Toyota from a dealer—the salesman was so persuasive—a great salesman. After the deal was made, we thought it over—it was a one-year old car, with thousands of miles on it, and we paid list price. So we returned to rescind the deal. We got a lecture from the salesman about how foolish we were, just kids who don’t know about nothing, and that we would regret it. But he gave us our money back.So if you are talking about a 2-year old leftover car, with almost no miles on it—even with no miles, the car’s value has depreciated because it is, after all, two years old. Thus the price should reflect such depreciated value—i.e., be like thousands of dollars below its original MSRP.You should check the price of the car as a used car by its model year, and put in an adjustment for the mileage. I am sure you will find that it is thousands of dollars below the price as new (when new, in its then current model year), and also much lower than the asking price.So it is only a good deal if the price reflects the depreciated value. New cars typically depreciate 20% in the first year, another 10% in the second year, and another 10% in the third year, under average use (average annual mileage).>>>>In response to a comment, I did a KBB used car price valuation. I paste my further edited response from the comment section here:>>>>I just did a 2017 Buick Regal Sport Touring (mid level trim) with no added options, as used, buying from dealer on KBB (at 08/10/2019):With 35,513 typical mileage, FPP (Fair Purchase Price) = $16,775With 7,000 miles, as edited/adjusted, FPP goes to $18,801With 2,000 miles, as adjusted, FPP goes to $18,832, buy as CPO, FPP=$19,332With 10 miles, as adjusted, FPP remains at $18,832, buy as CPO FPP remains at $19,332.Thus mileage, below a certain point makes little difference, and it is the model year that has the major impact on the price.KBB would not let me put the car in as new, because of the model year. I can only do a certified pre-owned (CPO) from that screen.>>>Did a 2019 Regal Sportback Preferred (mid level trim—they renamed the models), as new, no added options, FPP = $31,397, MSRP=$32,695>>>Checked: 2017 Buick Regal: “How Much Does the Used 2017 Buick Regal Cost? The 2017 Buick Regal Manufacturer's Suggested Retail Price (MSRP) starts at about $28,000 for a base front-drive sedan. The Sport Touring bumps the price up to $29,500, while the Premium II starts at $32,500.”>>>Thus for the 2017 Buick Regal, as of 8/10/2019, at 10 miles of mileage and $18,832 FPP divided by $29,500 base MSRP = 63.8%, a loss of 36.2% in value.Alternatively, at 10 miles of mileage and $19,332 FPP as CPO, divided by $29,500 base MSRP = 65.5%, a loss of 34.5% in value.Such, in ballpark, is about right and aligns with the generally accepted or promulgated notion that a car loses 20% of its value in first year, 10% more in each of the second and third years.>>>>>Accordingly, if you want to buy a 2 year old brand new car, you should use its book price as a used car, adjusted for the mileage, as a valuation to serve as the reference point in a price negotiation with the seller or dealer.>>>>Susan Mayhue and Shaun Broyhill both brought up good points about the warranty. It is an important point. So I copy my comment in response here so all can make note of it.>>>>>Good point.I did not mention the warranty more explicitly. My focus was on obtaining a reasonable price to negotiate the asking price with.Warranty is very important. But there could be a wrinkle. Please read the below from Autobytel on Warranty and “In Service” Date.If the car was placed in service as a loaner or demo, the clock would have been ticking on the warranty even if the mileage was not that high. I should put this comment into the main response so more people will make a note of it. Thank you.>>>>>>Autobytel Article:New Car Warranties Don't Always Start From Date Of PurchaseBy Benjamin HuntingNew car warranties are often a very important part of closing the deal. The peace of mind that comes with the coverage provided by a warranty plays a large role in separating new cars from used cars in the eyes of vehicle shoppers. In fact, some companies such as Hyundai have made extensive warranty coverage a primary component of brand identity. This in turn helps certain automakers benefit from the perceived commitment to quality that goes along with a lengthy warranty term.When Does the Warranty Take Effect?Most vehicle buyers make the assumption that a new car warranty goes into effect as soon as they purchase the automobile. The idea that the starting point for a warranty is tied in to the date which a new owner takes delivery of the car, truck or crossover in question is a logical connection to make. Unfortunately for some buyers this is not always the case, leading to the surprise termination of warranty coverage months or even years prior to the expected end date."In Service"The issue at stake when it comes to determining when new car warranties begin and end is found within the fine print of the warranty or purchase agreement. Many car companies set the warranty wheels in motion on the date when a vehicle is first marked as being put 'in service' by the dealer. What exactly does this mean? An automobile can be marked as 'in service' for a number of different reasons.Photo Credit: BigstockDemo VehiclesSome new car dealerships will take a vehicle out of inventory in order to use it as a demo, which effectively puts it in service and starts the warranty clock ticking. This is true regardless of how few miles might be on the actual vehicle. Sometimes, a dealer might also take a car out of inventory in order to mark it as sold and benefit from a limited incentives window being provided by the manufacturer. Despite the vehicle maintaining its status as a new automobile, and not ever having been titled, according to the manufacturer it has been put in service and its warranty has been activated. This can often be the case when looking at left-over inventory from a previous model year, or even vehicles which are two model years old but have yet to be sold.Verify Warranty Start DateIn each of these situations, it is up to the buyer to verify the starting date of the vehicle in question's warranty. Making the assumption that it starts as soon as the keys have been handed over can end up being a costly mistake, especially if a year or so of warranty time has already been lopped off of the original service contract. In the case of manufacturers which offer Certified Pre-Owned warranty extensions or other types of extended warranties, some vehicles might have difficulty qualifying for these beneficial programs due to their warranty status. This can be the case regardless of how much time they have actually spent in the hands of their new owners.Read the Fine PrintReading the fine print of both the warranty and the sales contract can take all of the mystery out of new car warranties and make sure that you are getting the exact deal that you were looking for when you set foot in the dealership. It can also help prevent any unfortunate surprises down the road when it comes to warranty repairs or extensions.