Toledo Ohio Real Estate Lawyer
One thing that’s certain is that land is a finite resource. As with all finite resources, it will only become more valuable over a long enough time horizon. When you chose to make this investment, however, it is critical that you are getting the deal you think you’re getting. Property can be encumbered by ancient easements or equitable servitudes. The individual selling the property may not even have title to legally transfer to you as part of a real estate transaction. There may be material defects in the property. For these reasons and more, it is paramount that you retain the services of a skilled real estate attorney in Ohio to negotiate and oversee property related transactions.
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This is an ATTORNEY ADVERTISEMENT. Sawan PLLC is a law firm with attorneys licensed in Michigan, Ohio and Florida. The information contained on this website is provided for general purposes only and does not apply to your specific factual circumstances in all cases. For us to better understand the particular facts unique to your case, call 419-469-5002 for a free consultation. No attorney-client relationship is created by your use of this website. Sawan PLLC, designated a debt relief agency by an Act of Congress and the President of the United States, proudly assists consumers seeking relief under the U.S. Bankruptcy Code.
What to Expect When You Speak to a Real Estate Lawyer
The real estate lawyers at Sawan PLLC have years of professional experience dealing directly and intimately with real estate related legal matters. Our Ohio real estate attorneys have observed hundreds of hours of real estate related litigation. Seeing so many real estate transactions resort to litigation provides our team of real estate lawyers in Ohio with a unique perspective on how to avoid it by getting the deal right the first time. If you have a commercial or residential real estate transaction in Ohio pending, call the Ohio Real Estate Attorneys at Sawan PLLC today to protect your investment.
The first step is to speak with your real estate attorney so that we can better understand the transaction at hand or your legal needs. Understanding the history of the property, how it is to be conveyed and what you would like to accomplish are all important things for us to consider to begin to understand the unique facts underlying your case. It is really important that you hire an attorney if you are dealing with real estate because there are quite a few legal considerations involved. Even if you’re just considering a transaction, give us a call because we offer free consultations. Our free consultations are confidential and we are happy to field general questions.
Types of Real Estate Deeds in Ohio
- General Warranty Deed. A general warranty deed is the most common type of deed used to transfer Real Estate in Ohio. This type of deed transfers – in fee simple absolute – all rights of a Grantor. It contains several warranties related to title – and for this reason, is one of the most sought after types of deeds.
- Limited Warranty Deed. This type of deed acts similarly to a general warranty deed, but limits the warranty of title to the time frame that the buyer held the property. It does not warrant title in the past beyond this period of ownership, which can leave the property subject to legal issues that predate the seller’s involvement. This is commonly used in commercial transactions to limit the exposure of a company for dated ownership interests.
- Joint and Survivorship Deed. This type of deed is used commonly when there are multiple buyers on a deed – such as when a married couple purchases property. With a survivorship deed, when one of the owner’s passes away, their interest typically avoids the probate process and automatically transfers to the surviving party. Under the right circumstances, survivorship language can be added to any other type of deed as well.
- Fiduciary Deed. If the property is conveyed by an executor of an estate, a guardian, a trustee or the like, then a fiduciary deed is used to show that the Grantor has the legal authority to transfer the property – even if they do not directly own it themselves.
- Quit Claim Deed. A quit claim deed is a conveyance of property of whatever interest the Grantor may have. Such deeds are “as is” and no warranties are either express or implied.