A warranty deed is sometimes called ageneral warranty deed. Using the word “general” distinguishes a general warranty deed from other deeds that provide a limited warranty, like special warranty deeds, statutory warranty deeds, or limited warranty deeds. As a practical rule, though, the termswar...
A warranty deed guarantees the new owner that the title being transferred is free and clear of any defects or encumbrances. For example, it guarantees that prior mortgages or liens have been paid or settled and won't affect the new owner's interest in the property. ...
Not every deed is a warranty deed. Some deeds, calledquitclaim deeds, expressly don't include a warranty and only transfer one person's ownership in the land to a new owner. They're often used to transfer land simply between relatives and spouses. For other purposes, use caution with a q...
How to Reverse a Quit Claim Deed Warranty Deeds A general warranty deed conveys full ownership of land, and is commonly used in purchase and sales transactions of real estate. The warranty deed is the gold standard, the most highly desired form of deed, because in addition to conveying proper...
there is a great deal of security in knowing that the person who vested the deed is financially responsible for any legal proceedings that may result should another party lay claim to the property. Having this type of assurance is invaluable to anyone who owns property. It also ensures that,...
A quitclaim deed, sometimes erroneously referred to as a "quick claim deed" or "quit claim deed," is one type of deed. There are also warranty deeds — both a special warranty deed and a general warranty deed. The deed transfers whatever interest the grantor has in the property to the ...
A warranty deed is a legal document involved in the exchange of real estate, more specifically when a seller officially grants the buyer their property. This document captures information about the home sale, including information about the property and any liens — or outlying legal claims of own...
A quitclaim deed, sometimes erroneously referred to as a "quick claim deed" or "quit claim deed," is one type of deed. There are also warranty deeds — both a special warranty deed and a general warranty deed. The deed transfers whatever interest the grantor has in the property to the ...
A timeshare warranty deed in lieu of foreclosure is a legal agreement that allows a timeshare owner to avoid foreclosure of a mortgage loan on on the timeshare.
Another scenario in which you don’t really need a title company is if you’re transferring ownership by using a quickclaim or warranty deed. Title Searches Past and Present The deep dives that title officers used to make into paper files are now done electronically. Researching a prop...