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Warranty Deed A Warranty Deed guarantees that a property's title is free from encumbrances while transferring its ownership. Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. Which Type of Real Estate Deed Do I Need? - LawDepot lawdepot.com ? resources ? real-estate-articles lawdepot.com ? resources ? real-estate-articles
A warranty deed, which also may be called a general warranty deed, is the type of deed used most frequently when real property is sold. A warranty deed guarantees that the title is free and clear of debts or liens. Getting the deed done: Understanding 4 commonly used deeds | .com ? articles ? getting-the-deed-... .com ? articles ? getting-the-deed-...
The general warranty deed is the most common and preferred type of instrument used to transfer real estate titles in the United States. Special Warranty Deed: Definition, Use, Vs. General ... - Investopedia investopedia.com ? terms ? special-warranty... investopedia.com ? terms ? special-warranty...
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.
A special warranty deed form is defined by its warranty of title. In Utah, the warranty of title is defined by Utah Code § 57-1-12.5 to include the following covenants: That the property is free from all ?encumbrances? (mortgages, liens, etc.) made by the grantor other than those disclosed in the deed; and.
Fee simple. This is the most common type of interest. It is outright ownership. Even if you still owe money on your mortgage, as long as you have the right to sell the house, leave it to your heirs, and make alterations, your ownership is fee simple. Common Types of Real Property Ownership - Nolo nolo.com ? legal-encyclopedia ? common-t... nolo.com ? legal-encyclopedia ? common-t...
While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.