New York Quitclaim Deed from Husband and Wife to Individual

Transfer ownership of a real estate property in the State of New York with this Bargain and Sale Deed With Covenants Against Grantor’s Acts.

• A Bargain and Sale Deed makes no warranty as to encumbrances against title.
• This form of Deed is commonly used to transfer title for properties that have been seized for unpaid taxes or that are being sold by the executor of an estate.
• The grantor covenants that it has not encumbered the property, and that it will hold the consideration for the property in compliance with Section 13 of the Lien Law.

Transfer ownership of a real estate property in the State of New York with this Bargain and Sale Deed Without Covenants Against Grantor's Acts.

• A Bargain and Sale Deed is commonly used to transfer title for properties that have been seized for unpaid taxes or that form part of the estate of a deceased and that is being sold by an executor.
• There are no warranties given as to title.
• The grantor does not make any covenants with the grantee as to any acts of the grantor with respect to the property. But the grantor does covenant to hold the consideration for the property in compliance with Section 13 of the Lien Law.

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

Transfer ownership of a NY real estate property from joint tenants to joint tenants with this New York Warranty Deed for Joint Ownership.

• This form of Warranty Deed is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property.
• The buyers will own the property as joint tenants with rights of survivorship. That means when one joint tenant dies, title to the property will pass to the surviving joint tenant.
• The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property.