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Definition of General Warranty Deed? A deed in which the grantor warrants or guarantees the title to real property against defects existing before the grantor acquired title or arising during the grantors ownership.
The transferring of Title to property from one ownership to another requires recording a Deed. A Warranty Deed may be done when an owner guarantees, through a title report, that he or she holds clear title to a property.
An Alaska general warranty deed is used to sell a piece of real estate to another with a broad warranty of title. This means that the seller is guaranteeing that he or she holds legal title to the property and there are no other encumbrances and no other people who can claim an interest in the property.
An Alaska quit claim deed is a document that includes the transfer of ownership in real estate, with no guarantees, from a grantor (seller) to a grantee (buyer). If the grantor has any ownership of the property, it will be transferred to the grantee.
Like most states, Alaska recognizes three basic levels of warranty that a deed can provide: quitclaim deeds, warranty deeds, and special warranty deeds.
The deed should be recorded in the Recorder's District where the property is located. Make note of the document formatting requirements (additional fees will be charged if these are not met).