|
We appreciate all the attention...
A long distance move is never easy! Because of the distance, we depended on Cindy to coordinate everything especially with building a new home! And she did!! She went above & beyond the call the duty!! Taking photos & emailing updates were invaluable! We sure appreciated Cindy immensely!
Rick & Linda Roberts
Tell me how I'm doing!
You have a story to tell about me. You've
worked with me, and I've helped you buy or sell a home. I need your feedback.
Others need your feedback, too! Please take a moment to fill out this form and
tell me how I did...
Real Estate Contracts >Signed Sealed and Delivered
Most people assume that when a real estate deed is signed, it is effective. However, there is one more essential part of the process. Even if a deed is properly executed, it is not effective until it has been delivered to and accepted by the buyer. This can sometimes create bizarre results. Here is an example.
An elderly man properly signed, sealed and acknowledged a deed to his nephew and placed it in an old tin box in his room, where it was discovered shortly after he died. The nephew lost a contest with other heirs over the property because the deed was not delivered, and therefore, was not effective at the time of the old man's death.
Until the deed is delivered, the title remains with the seller, who could change his mind at any time and destroy the deed. But once the deed has been properly delivered and accepted, the title passes and cannot be revoked. Thus the old, old saying: signed, sealed (and notarized) -- and delivered.
|
| Q |
What do 84% of homebuyers who use the Internet to search for homes have in common?
|
| A |
They use a real estate agent to purchase their home.
|
See More Real Estate Trivia > |
|
|
Now you can take visual tours of
houses for sale from the comfort of your home! Check it out!
|
|