Assign Name Warranty For Free

When you use a gift deed, you give the property to the other party in good faith and you convey any warranties that you may have in the property as well.

A warranty deed isn't proof that you now own the property. Rather, it means the previous owner can guarantee that no one else holds ownership or is owed money for the property. You don't actually own the property until the title is transferred to you.

A general warranty deed must include the following to be valid:The name and address of the seller (called the grantor)The name and address of the buyer (called the grantee)A legal description of the property (found on the previous deed)A statement that the grantor is transferring the property to the grantee.More items...

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

A person who transfer or takes property in different names should disclose it by stating "also known as" on the deed, or its abbreviation "aka." For example, if your legal name is Robert James Smith, but you use "Rob Smith," your deed may identify you by your full legal name followed by "aka Rob Smith."

When your warranty company refuses to honor the terms of a warranty, you may have a claim for breach of contract. The amount allowed in small claims varies from state to state, but for most products, you can sue in small claims court.

The only difference is that it stays with the original purchaser and cannot transfer to another owner. Each manufacturer and product is unique and has varying performance levels requiring different warranty coverage.