What's with the 10 (ten) dollars on every deed?
What's with the 10 (ten) dollars on every deed? Why not show the actual purchase price?
Our members who use DeedPerfect.com to complete their own deeds frequently ask some version of this question: I’m completing my deed and its says: “For good and valuable consideration of Ten Dollars ($10.00), the receipt and sufficiency of which is hereby acknowledged,” I or we…
“Consideration” in US legal terms is quite simply “something of value,” usually money. Believe it or not, we have seen “For love and affection” the receipt and sufficiency of which… and it is construed as valid “consideration.” It really was recorded.
In exchange for something of value, we are conveying this property to you.