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New York Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual

State:
New York
Control #:
NY-02285
Format:
Word; 
Rich Text
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  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual
  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual
  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual
  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual
  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual
  • Preview Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual

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FAQ

Buying property with this type of deed is not necessarily a bad idea, but it is advisable to take some precautions. If possible, a title search should be conducted to look for any clouds on the title and to see how difficult it would be to release them.

Quitclaim Deed. Deed of Trust. Warranty Deed. Grant Deed. Bargain and Sale Deed. Mortgage Deed.

A bargain and sale with covenants against grantor's acts contains only one covenant or promise; that is, that the grantor has done nothing to encumber title with easements, liens, judgements and the like while owing the property.It does not run with the land. This type of deed is typically used in New Jersey.

Bargain and Sale With Covenants If a bargain and sale deed comes with expressly stated guarantees beyond simple ownership rights, it is known as a bargain and sale deed with covenants. The grantor of such a deed is guaranteeing the property against any possible claims expressly covered by the covenant.

A covenant deed is a less comprehensive warranty deed. It still conveys title but may contain any number or types of covenants. A covenant deed may contain restrictive covenants that prohibit the grantee from using the property in a certain way, or it may be tailored for a certain transaction.

One type contains a specific covenant against grantor's acts, while the other does not.Bargain and sale deeds without covenant do not guarantee that the property conveyed is without encumbrances made by the grantor.

The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property if any. No warranties or promises regarding the quality of the title are made.

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New York Bargain and Sale Deed Statutory Form C. With Covenant against Grantor - Individual