• US Legal Forms

New York Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation

State:
New York
Control #:
NY-02284
Format:
Word; 
Rich Text
Instant download

Description

This form, a Bargain and Sale Deed (Statutory Form BB) without Covenant against Grantor - Corporation, is easily completed or adapted to fit your circumstances. It is available for download now.
Free preview
  • Preview Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation
  • Preview Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation

How to fill out New York Bargain And Sale Deed Statutory Form BB. Without Covenant Against Grantor By Corporation?

US Legal Forms is a unique system where you can find any legal or tax document for filling out, such as New York Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation. If you’re fed up with wasting time looking for appropriate examples and spending money on papers preparation/legal professional service fees, then US Legal Forms is exactly what you’re looking for.

To enjoy all the service’s advantages, you don't have to download any software but simply pick a subscription plan and register your account. If you already have one, just log in and get a suitable template, save it, and fill it out. Downloaded files are kept in the My Forms folder.

If you don't have a subscription but need to have New York Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation, have a look at the instructions below:

  1. Double-check that the form you’re checking out applies in the state you want it in.
  2. Preview the example and look at its description.
  3. Click Buy Now to access the sign up page.
  4. Pick a pricing plan and keep on signing up by entering some information.
  5. Choose a payment method to complete the sign up.
  6. Download the document by choosing the preferred format (.docx or .pdf)

Now, fill out the document online or print it. If you are uncertain about your New York Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation sample, speak to a attorney to examine it before you decide to send or file it. Start hassle-free!

Form popularity

FAQ

In New York, a bargain and sale deed with covenant against grantor's acts provides the grantee with a covenant that the grantor has not committed any act that would encumber title to the real property being conveyed and the covenant under Section 13 of the New York Lien Law.

A Bargain and Sale Deed simply conveys property from one person or entity to another for a consideration - money or its equivalent. This type of deed might have added covenants that guarantee that the grantor "has not encumbered the property in any way" except that which may be stated in the deed itself.

A bargain and sale deed doesn't warrant against any encumbrances. It simply implies that the grantor holds title to the property.A bargain and sale deed is much like a quitclaim deed in this respect. It conveys property, but it makes no guarantees that no one else has a stake in that property.

Bargain and Sale With Covenants If a bargain and sale deed comes with expressly stated guarantees beyond simple ownership rights, it is known as a bargain and sale deed with covenants. The grantor of such a deed is guaranteeing the property against any possible claims expressly covered by the covenant.

Bargain and sale deeds are most often used when property is transferred pursuant to a foreclosure, tax sale, or settlement of the estate of a deceased person. They may also be used in the same situations as a quitclaim deed, although they give the grantee a little more protection.

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

One type contains a specific covenant against grantor's acts, while the other does not.Bargain and sale deeds without covenant do not guarantee that the property conveyed is without encumbrances made by the grantor.

A bargain and sale with covenants against grantor's acts contains only one covenant or promise; that is, that the grantor has done nothing to encumber title with easements, liens, judgements and the like while owing the property.It does not run with the land. This type of deed is typically used in New Jersey.

Buying property with this type of deed is not necessarily a bad idea, but it is advisable to take some precautions. If possible, a title search should be conducted to look for any clouds on the title and to see how difficult it would be to release them.

Trusted and secure by over 3 million people of the world’s leading companies

New York Bargain and Sale Deed Statutory Form BB. Without Covenant against Grantor by Corporation