Jacksonville deeds are present in the majority of transactions involving real estate property and the protection they provide is significant. There are many different types of deeds available, and they all address different situations. If you are purchasing or selling property, it is crucial that you speak with an attorney. A Jacksonville deeds lawyer can advise on the type of deed that is most appropriate for your situation, the parties involved, and on the type of information you will need to properly record and execute your deed. If you are about to enter into a property transaction, below are some of the most common deeds in Jacksonville you may need.
Just as their name implies, a corrective deed will correct any mistake made on a deed. However, just because a deed contains an error does not necessarily mean a corrective deed is necessary. The most common reasons for recording and executing a corrective deed is to correct an inaccurate legal description of the property. When a deed contains an error that is insignificant, or that does not affect the legality of the deed, a corrective deed may not be necessary. Once a corrective deed becomes part of the public record, the original deed is considered valid once again.
Lady Bird Deeds
A lady bird deed is a unique type of deed in Jacksonville. With a lady bird deed, the owner of a property, known as the grantor within the deed, maintains the control and use of their property throughout their lifetime. Upon the death of the grantor, a lady bird deed will allow the property to transfer immediately and automatically to the grantee, without the need to go through probate. Without a lady bird provision, grantors cannot sell their property until the grantee consents.
Quit Claim Deeds
Quit claim deeds are very commonly used in real estate transactions as they can fairly easily allow property to pass from one person’s ownership to another. However, a quit claim deed does not provide any guarantee that there are no issues with the title and so, they are most appropriate when the grantor wants to transfer the property to an LLC or a trust.
Warranty deeds are most common in commercial transactions, and when the parties involved in the real estate transaction do not know each other personally. Warranty deeds guarantee, or warranty, that there are no defects on the title and that no third party has a claim to the property. If it is found in the future the title did contain a defect, a warranty deed will hold the grantor liable for paying any damages that resulted from that defect.
Get Your Jacksonville Deeds from Us Today
If you are buying or selling real estate and need a Jacksonville deed, our attorneys at My Florida Deed are here to provide you with the important information you need. Call us today at 407-205-2906 or fill out our online form to obtain the important forms, and sound legal advice, you need.