Three basic types of deeds commonly used are the grant deed, the quitclaim deed, and the warranty deed. Grant DeedBy use of a grant deed, the conveyor says, "I grant (convey, bargain, or sell) the property to you." In a number of jurisdictions a representation that the conveyor actuall...
Bargain and Sale Deed— For purposes of transparency, this deed discloses that the seller or agent is not entirely in control of the foreclosed property being sold in terms of its title. Grant Deed— This form transfers any existing interest from the grantor to the grantee and ensures that ...
Grant, bargain, and sale deed.4 The termstatutory warranty deedrefers to a deed that includes a warranty of title based on statutory form language. State laws differ. Astatutory warranty deedmight be a deed with a limited warranty in one state and a deed with a complete warranty in another...
A deed is a physical document showing a property transfer, while the title is a legal concept of ownership.
The Research Objective is First To analyze the legal certainty of the Act of Sale and Purchase Agreement (PPJB) on houses through Housing Ownership Credit (KPR) which is still in the form of images. The second is to analyze the legal consequences of the Sale and Purchase Agreement (PPJB)...
Michigan Title Insurance and Covenant Deeds The increased popularity oftitle insurancehas lessened the importance of a deed’s warranty of title in the sale context. Title insurance is an insurance policy in which the insurer agrees to compensate the insured person (usually the owner or a mortgage...
states still mandate the use of one, rather than amortgage, whenfinancingis involved in the purchase of real estate. Trust deeds are common in Alaska, Arizona, California, Colorado, Idaho, Illinois, Mississippi, Missouri, Montana, North Carolina, Tennessee, Texas, Virginia, and West Virginia. ...
A quitclaim deed releases a person’s interest in a property without stating the nature of the person’s interest or rights, and with no warranties of ownership.
In asettlement, there's no need to defend your claim in a trial. Both parties agree on the case's outcome with or without the court's help. Some people settle rather than go to trial because the process is faster, and you can be sure of the outcome. If you believe you'll benefit...
Quitclaim deeds provide no assurances — they convey whatever interest the seller actually had in the property irrespective of what was conveyed, verbally for example, to the buyer in the sale process. Other causes of action, like misrepresentation, may be available to the buyer, but the title ...