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Lawyer for Deed Transfers in Appleton, WI
Deed Preparation and Other Legal Services
A deed is defined as any legal document that deals with the transfer, ownership, or other area concerning personal property. Deeds are useful in the sense that they show proof of ownership, clearly define any legal stipulations surrounding said property, or can appoint certain rights to an individual.
They are an extremely important area of law. But, if a deed is not adequately implemented or interpreted by a reliable attorney, there can be significant negative consequences. This is why Tusler Law specializes in the areas of deed transfer, creation, and deed in lieu of foreclosure services.
Our rates are affordable, and the ultimate goal is to give each individual legal matter the proper attention it deserves. In addition, Ronald Tusler focuses on a collection of other legal and deed-related work including personal injury matters, real estate, and standard will services.
Why Is a Deed Important?
The most basic function of a deed is to show ownership, making it useful in the process of sale or transfer from one party to another. However, property is a loose term that is not merely used to define something physical like a piece of land, house, or other tangible asset. Property can be abstract in nature such as intellectual property, the power of attorney, or in some other area that should be carefully scrutinized and have proper legal guidance in order to make sure that all loopholes and grey areas are clearly defined.
Ronald Tusler performs both deed and other property services for those requiring professional legal advice. We strongly suggest setting up an appointment as soon as possible before engaging in any legal action requiring a deed.
Types and Components of Deeds
Contrary to popular belief, deeds are not standard “one size fits all” legal documents. There are a variety of different types of available deeds, and laws can vary slightly from state to state. However, all legally binding deeds must have these fundamental components:
- Writing. All deeds must be in some legible form of written type. This can include both physical and electronic copies of the document. But, in order for a deed to be contractual, it must be in writing.
- A signature. A deed must be signed by the owner of the property. If the property has more than one owner, then all owners of the property in question must have signed the deed in question.
- Legal transfer. This is where an experienced deed lawyer like Ronald Tusler comes into play. Property transfer must be clearly communicated to the letter of the law.
- Legal delivery. The deed must be legally delivered by someone with the proper authority by the courts, to the grantee (or someone who is recognized as acting directly on their behalf).
Issues involving deeds can be extremely complex, and therefore should ultimately be left in the hands of a specialized property lawyer like Ronald Tusler.
Deed In Lieu of Foreclosure
Since the burst of the housing bubble in 2008, the term deed in lieu has been a major area in the legal profession.
A deed in Lieu of Foreclosure is where the property owner surrenders his/her rights (the mortgagor) to their lender (the mortgagee) in order to free themselves from all current responsibilities surrounding the loan in question. A deed in lieu is a wise option for anyone facing foreclosure because your credit score is not as dramatically damaged. It can drastically shorten disgraceful public foreclosure proceedings, and at times even grant the mortgagor more favorable conditions than basic repossession.
In order to avoid any confusion, an experienced Law Office like Tusler Law should assist you to set up and review any documents concerning a deed in lieu of foreclosure. This is both beneficial for the mortgagor and mortgagee in the sense that all legal matters can be properly handled, and all areas of confusion can be officially resolved.
Deed of Trust
Also known as an indenture, a deed of trust is a legal contract in which someone puts forward some form of tangible property in order to obtain a loan. Think of a deed of trust as a fancy term for a secured loan. Some states use mortgages, where a lien is placed on the property, over a deed of trust.
This is why it’s essential to review all laws in the state that you live. A deed of trust is a legally binding document that must be signed with great care, and only after proper legal counsel has been sought. In order to create or transfer a particular deed of trust, it is ALWAYS advisable to have a knowledgeable property lawyer meticulously overview all documents.