This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Deed Without Warranty Vs Quitclaim Deed In Wayne
State:
Multi-State
County:
Wayne
Control #:
US-00186
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Word;
Rich Text
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FAQ
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.
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.
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.
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.
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 the opposite of a warranty deed in that the grantor is transferring title to a piece of property but is not warranting that they have good title to that property. A quitclaim deed only transfers whatever interest that the grantor has in the property at the time of the conveyance.
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A warranty deed and a quit claim deed are both legal documents that can be used to transfer ownership of real property. If the grantor has a good title, the quitclaim deed is essentially as effective as a general warranty deed.Quitclaim deeds offer no warranties of title and provide the least amount of protection to the grantee. The Office of Wayne County Register of Deeds records various types of documents, mostly relating to interests and transfers of property. A warranty deed can be used for most property transfers. A quitclaim deed can transfer ownership to a specific, trusted person. A quitclaim deed is used to transfer real estate property rights. Close submenu ( Elected Offices) Elected Offices. Fill in the blank form formatted to comply with all recording and content requirements. A quitclaim deed only passes the interest in the property that the seller actually has, without any guarantee.