If a deed of transfer for a piece of property or other item indicates that the only consideration is “love and affection,” there is a likely relationship between the seller and buyer on the property. In fact, it might not even be technically correct to refer to the grantee as as buyer. On these deeds the relationship among the parties is not always stated.

Similarly, if the amount of the consideration on a deed is a token amount, say a “dollar,” that also might be a clue as to a potential relationship between the individuals involved.

Deeds that say a “dollar and other valuable consideration” may be referring to a mortgage or other document also recorded on the property. That phrase may also be a way of avoiding indicating the specific amount on the deed itself–although the tax or revenue stamps on the deed may allow the transfer value to be determined.

Get Genealogy Tip of the Day the book–either from us directly or from Amazon.

Categories:

Tags:

No responses yet

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the Genealogy Tip of the Day Book
Get the More Genealogy Tip of the Day Book
Recent Comments
Archives