The Legal Term For a Title Transfer
There is a term for the transmission of a property title from one person to another. Some might call it a title transfer, but the legal term for it is conveyancing. It involves two major transactions and takes place in three stages. The transactions are the trading of contracts, when legal papers are signed, and the completion of the deal, when money changes hands. The three stages are before contract, before completion, and after completion. This process helps the buyer make sure that the title they pay for is good and that they have the right to sell the house or land again if they want to.
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