Warranty Deed Vs Quitclaim Deed Form California In San Diego
Description
Form popularity
FAQ
The general warranty deed is the most common and preferred type of instrument used to transfer real estate titles in the United States.
1. Grant deed. A grant deed is the most common type used in California real estate transactions.
Long story short: If you are the buyer, then the warranty deed is more favorable to you because it provides a more solid legal protection. If you're the seller, the quitclaim deed is more favorable to you.
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.
Common uses – Typically, quitclaim deeds are used for lower-risk transfers between related parties. In contrast, warranty deeds are used for real estate sales and high-value transactions involving unrelated grantees. Grantee risks – With a quitclaim deed, all risks remain with the grantee.
Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word “grant” is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.
A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
Preparation: The grantor (current owner) must prepare the quitclaim deed document, which includes the names of the grantor and grantee, the legal description of the property, and the words of conveyance.
In California, the vast majority of property is transferred through one of two types of deeds: the grant deed – by far the most commonly used – and the quitclaim deed.
