Certain types of property have legal documents that evidence ownership. For example, vehicles usually have tiles. In real estate, the owner of the property is listed on the deed. If the owner decides to sell, give away, or otherwise transfer the property, he or she must evidence this transfer with a valid deed. Because the stakes are so high when deeds are concerned, it is important that you have a knowledgeable lawyer on your side who can assist you with this process.
The attorney representing the buyer or the seller in a residential or commercial real estate transaction can prepare the deed. The deed states important information, such as the names of the parties, the date of the transaction, the transfer of the property, the legal description of the property, and the warranties being provided as part of the transaction. People may transfer property for several reasons, such as:
- They are selling it
- They are passing it onto a loved one
- The executor sells or transfers the property after the owner passes away
- A guardian or conservator transfers the property on behalf of the ward
- The owner transfers the property as a larger part of Medicaid planning
- They are adding another person to the deed
A knowledgeable New Jersey real estate lawyer can prepare or review the deed to ensure that it contains all of the necessary and appropriate language. Additionally, he or she can investigate the chain of title and determine if there are any factors that may cloud the title.
The Law Offices of Lee R. Lederman can help you with this process. Call us at (732) 424-9388 to learn how we can help.