There are different types of deeds, the most common being a warranty deed. A variety of encumbrances can be placed on a warranty deed, including a vendor's lien. Fully understanding real estate transactions requires an understanding of a warranty deed with a vendor's lien....
Warranty Deed A warranty deed is used to convey an interest in real estate. When a warranty deed is issued, the presumption is that there are no unknown encumbrances on the property. Read More:How to Reverse a Warranty Deed Vendor's Lien ...
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...
When it comes to purchasing real property, there are a number of different types of deeds that may be tendered. A deed is a legal document that confers ownership, and there are three main types: the quitclaim deed, the general warranty deed and the special warranty deed. A special warranty...
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...
What Is the Difference Between a Warranty Deed & a Survivorship Deed? Image Credit:AntonioGuillem/iStock/GettyImages Understanding the Warranty Deed The main purpose of a warranty deed is to transfer the legal ownership of real estate from one person to another. However, it also contains lots ...
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.
Before the final agreement on your mortgage, you are given a closing disclosure outlining the details. Learn what a closing disclosure is and how to read it.
A grant deed is similar to a warranty deed in that the grantor (seller) affirms that there are no outstanding liens or claims on the title, nor has the property been sold to anyone else. This deed is usually signed in the presence of a notary. A quitclaim deed may transfer ownership ...
Two types of deeds include: a quitclaim deed that only transfers the interest in the real property which the grantor actually has, and a warranty deed that guarantees that the grantor owns title. Quitclaims are used to clear title or when there is little question about existing ownership ...