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Escrow & Title

Escrow
Protected after escrow?
Condominiums as rentals?
Common Ways To Hold Title
Direct deeding is useful
Escrow is open
Comparing escrow fees
Learn about contingencies
Prepare for Escrow closing
Prorations it pertains to rent
Real estate taxes pro-rated
Real property vs. personal property
Real Estate Mathematics
The hidden cost of closing
Utility bills and escrow
escrow agents have to report?
Walk Through Inspection
 
Title
1031 reverse exchange
1031- Avoid capital gains tax
ALTA Policy
CLTA Policy
Community property tates
Creating a trust
Clouds on a title
Do condos need title insurance?
Deed
Deed of Reconveyance
Dealing with boundary disputes
Easements
Exceptions in title insurance
How much is title insurance?
Lis Pendens
Mortgages vs. deeds of trust
Not married? Joint tenants?
Proposed zoning change
Preliminary Title Report
Quitclaim deeds
Statement of Opinion
Title Insurance
Title insurance and builders
Your closing date-Who chooses?
Why you should have title insurance
Who pays for what Fees in Escrow

Direct deeding is useful

You will want to consider direct deeding if you are planning to switch property under a 1031 tax deferred exchange. With this method you will be able to take out the middle
man and save some time and money. When you choose this course of action you the buyer will have the property deeded to you directly by the seller.

It was in the very early 90's that the old way of using sequential deeding was dismissed. Since then direct deeding has been the way that is used. This is a tax deferred tax transaction that is easy to carry out. It also lessens the risks when you have one less person involved in the transaction. This middle person could be at risk for many different things while they are holding the title. You will only have to pay half as many fees with direct deeding as well which is always a plus.

When you are using direct deeding you need to make sure to do things the right way. For instance if for any reason you want to use an intermediary you need to make sure that this intermediary is qualified. This person will need to have an agreement with both the seller and the buyer for the transfer of the property. You will have to notify the other party of your intentions if you are going to be using an intermediary. Generally these intermediaries are somehow connected to the closing company or the title company. They should be able to handle much more than this transaction, they will be able to help you with your closing and your escrow services at the least.

It can be wise to use an intermediary they can help you lessen any dangers involved with this transaction. They can reduce the tax liabilities as well as shield you from   unnecessary liabilities. Before you take part in direct deeding you need to be sure that you understand the tax regulations of your state. This will help you to learn how to identify your replacement property as well as how to go through with your exchange.