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A property deed is used to transfer ownership of property to another party. The document will be used in the home buying process. By signing this form, the property will be conveyed from the grantor or seller to the grantee or buyer. Requirements for this document may vary from state to state.
All property deeds must be written in order to be official. A verbal agreement is not sufficient. Only parties who are mentally competent can complete the form. If the property is owned by more than one person, all parties involved must provide their information and sign the form.
Typical information required includes full name, current address, and contact information. There will also be a section for property information, which can include address, current value, and type of dwelling. The final section should include financial information and the terms of the sale.
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