Types Of Property Deeds In Georgia
Description
How to fill out Georgia Administrator's Deed?
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FAQ
The most common types include joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.
A security deed (also known as a deed to secure debt, loan deed, or warranty deed to secure debt) is the most common form of securing a financing instrument for real estate loans in Georgia.
Georgia recognizes three basic types of ownership: sole ownership, joint tenants, and tenants in common. In this type of ownership, one individual or entity owns the property completely with no other tenants.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.