In cases where property with a bargain and sale deed is purchased and defects with the title are uncovered after the fact, it is not possible to get a refund from the seller. If the seller knew about these defects and didn't discuss them, this may be grounds for a suit, depending on...
What is a bargain and sale deed? Real Estate By Ellen Chang 4 min read FSBO meaning: For sale by owner, explained Real Estate By Michele Petry 6 min read How to sell a house by owner in South Carolina Real Estate By David McMillin 5 min read Low-commission Realtors and di...
Another type of deed, called abargain and saledeed, also only conveys the rights the original owner has. In some cases, it may make guarantees that the owner isn't hiding any restrictions on the lands that were introduced while he or she owned it, but it doesn't make the broad guarante...
A bargain and sale deed only states that the seller holds title to the property; it does not protect the buyer from liens or debts. This type of deed is most common in tax sales and foreclosures, when the property’s history may be unclear. Quitclaim deed Common in divorce situations, a...
You may run into mortgage deeds, bargain and sale deeds, or deeds of trust during other financial transactions. General Warranty Deed A grantor who conveys a "general warranty deed" confirms that the title is good and can be sold. They claim that no liens exist on the title that might pre...
Of course, you have to give a deposit to a property landlord to rent their house, too. But when I last rented a place, I put down one month’s rent – or only about 0.25% of that property’s market value at the time. Bargain!
While the bargain and sale deed does indicate that the grantor is the legal titleholder to the property, it does not guarantee that the title to the property is clear – although if the property is purchased through a sheriff's sale or auction, information regarding any past due ad valorem...
A trustee deed is one that conveys the title to foreclosed real estate either to the high bidder at an auction or to the lender...
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