![]() ![]() This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property. Reconveyance deeds are used when prevailing conditions have changed and the deed needs to be "re-conveyed". NRS 111.205 No estate created in land unless by operation of law or written conveyance leases for terms not exceeding 1 year. A transfer fee covenant recorded in this State on or after July 27, 2010, or unrecorded shall not run with the title to real property and is not binding on or enforceable at law or in equity against any owner (legal or equitable), subsequent owner (legal or equitable), purchaser, or mortgagee of any estate or interest in real property as an.Quitclaim deeds are often used for gifting title as it is a basic type of deed that simply convey that the grantor does not hold any interest in the property being transferred. The grantor of a quitclaim deed makes no assertion over the ownership or condition of the property. 1336.04 (A) (1), a transfer made or an obligation incurred by a debtor is fraudulent as to a creditor if the debtor made the transfer or incurred the obligation. A deed should have a blank space of 3 by 3 inches for use by the recorder. ![]()
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