Deeds/Real Estate faq

Real estate is transferred by preparing and recording a deed with the county recorder in the county where the property is located. 

A beneficiary deed conveys ownership of a property upon the death of the property owner(s). It is designed to avoid probate on a given property after the death of the owner. During the owners lifetime, the owner retains complete control and ownership.

A "seller carryback" refers to a process where the seller of a property self-finances the sale for the buyer. The process typically requires a promissory note, deed of trust, deed, and affidavit of value. The promissory note details the terms of the financing and the deed of trust secures the note to the property by placing a lien against the property. This is the same process a mortgage company uses when financing a property.