What does suffix mean on a form?
A suffix is a word added at the end of a legal word to form a new word. It is generally used to make a specific word plural. For example, the suffix -s is used to make a plural form of a noun or a word that ends with a consonant. It is also used to make an abbreviation plural.
What does the suffix mean on a quit claim deed?
A quit claim deed is an acknowledgement deed issued by a county or state that conveys the property owner’s interest in the property to a new owner. The deed includes a statement that the property’s previous owners transfer all of their rights in the property to the new owner. The deed does not have any conditions other than the previous owners’ transfer of the property.
What does the suffix mean on a deed of trust?
The deed of trust is a legal document signed by the borrower and lender that officially gives the lender the right to take control of the property if the borrower fails to make payments. It also designates the entity that will service the loan and manage and address any disputes that may arise.
What does the suffix mean on a form?
A suffix is a three-letter abbreviation placed at the end of a form, tax form, or legal document, to clarify what type of document it is. Common examples of form suffixes include IRS, W2, and SS-5. These suffixes are helpful to anyone who needs to decipher their meaning and ensure they are using the form correctly.
What does a suffix mean on a deed?
A deed is a legal document that gives the owner rights to a piece of property. A deed begins with the date on which the deed is recorded. The deed generally includes the name of the owner, a legal description of the property, and sometimes the name of the person who holds the deed for the owner. It also includes the names of any mortgagees or lienholders. Finally, the deed usually includes a deed of trust, which is a legal agreement that gives the lender the right to take