Warranty Deed Vs Deed Of Trust In Allegheny
Description
Form popularity
FAQ
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records. Note: We recommend that you do not prepare a deed on your own.
Yes, you can make your own Grant Deed. A lawyer is not required to prepare a valid and enforceable deed.
May I make out my own deed? Yes you may, however, we always recommend consulting an attorney regarding property transfers and changes, because minor changes in the wording of the document can completely change the legal meaning of the document.
Yes. But it is usually a good idea to have someone with certain expertise in the field such as an attorney or title company prepare it for you to make sure it's correct.
A real estate lawyer assists in preparing the new deed, ensuring it's signed before a notary public, recording it with the county's Recorder of Deeds office, paying any applicable fees, and obtaining a copy of the recorded deed.
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.
A quitclaim deed is seen as the weakest form of deed. A quitclaim deed offers the lowest protection to the grantee, and there are no covenants or warranties included in it. Quitclaim deeds are usually done between family members for simple transactions.
The most common way to transfer property is through a general warranty deed (sometimes called a "grant deed"). A general warranty deed guarantees good title from the beginning of time.
There are several different types of deeds used in Pennsylvania real estate transactions. The most common are general warranty deeds, extraordinary warranty deeds, and quitclaim deeds.
