Warranty Deed Vs Quitclaim Deed Form California In Queens
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General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property.
Get the forms from the county where the property is located. You can find the forms in the County Clerk's Office, Recorder's Office, or Assessor's Office.
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
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 general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home – even dating back to prior property owners.
It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.
When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.
Each County has its own transfer tax and property ownership forms, which must be filed and recorded with your deed. You can obtain these forms by contacting the County Registrars Office where the property being transferred is located.
Now if gina sells the property. She can give her buyer a warranty deed. But i wouldn't advise thatMoreNow if gina sells the property. She can give her buyer a warranty deed. But i wouldn't advise that you'd want to convey the property via another quit claim deed.
Who prepares the quitclaim deed form? In divorce cases, a quitclaim deed is typically prepared by an attorney, a title company, or a real estate professional. Although the deed itself may seem straightforward, it's crucial to have it drafted correctly to avoid potential legal complications down the line.
