The types of deeds in New York for transferring real property are:
In real estate sales with valuable consideration, a buyer would require warranties from the seller, usually in the form of the full covenant and warranty deed. However, real estate practice also accepts the execution of a bargain and sale deed coupled with title insurance. Title insurance gives the guarantee to the buyer that the seller is transferring good title over the property to the buyer.
The statutory forms for the different types of deeds can be found in Real Property Law § 258.
When recording a deed, you need to fill out Form TP-584 and RP-5217. The type of form will depend on whether you are in NYC or outside of NYC. Those forms are usually filled out and filed online through The Automated City Register Information System (ACRIS).
You can hire a lawyer to help you prepare a deed and to fill out the forms for recording with the proper government agencies in New York.
Should you need assistance in preparing a New York deed or recording it, we at the Law Offices of Albert Goodwin are here for you. We have offices in New York City, Brooklyn, NY and Queens, NY. You can call us at 212-233-1233 or send us an email at [email protected].