This is an official Washington form for use in land transactions, a Bargain and Sale Deed (with representative acknowledgment).
This is an official Washington form for use in land transactions, a Bargain and Sale Deed (with representative acknowledgment).
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Quitclaim deeds are most often used when there is no sale?to transfer property between friends, partners, or family members, or between owners and their LLCs. A person might also sign a quitclaim to clear up a title ambiguity. Bargain and sale deeds, as the term suggests, is used in a sale.
Bargain sale is a voluntary transfer of some interest in real property for less than the market value of that interest.
When adding someone to a title, or changing names on a title, people will generally record a conveyance document/deed. You can get blank legal documents at a stationery or office supply store. It needs to be completed and notarized. The Recorder's Office cannot help with filling out your deed.
A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.
Bargain and Sale Deed This type of deed is similar to a warranty deed, however only makes guarantees to the buyer regarding the period of time the seller owned the property. This type of title makes no guarantees regarding liens or encumbrances that may exist prior to the time the seller acquired the property.