Make Title Warranty For Free

Warranty of title can give the buyer of a property legal recourse to sue the seller if there is a claim or issue attached to the property. For example, an heir of a prior owner may have an unresolved claim to the property that was not made known by the seller.

An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer. An implied warranty is different from an express warranty, where the seller has expressly promised by words (i.e. orally or in writing) or conduct (e.g., sample or model).

Quitclaim Deed: this type of deed is common in divorces and conveying a non-vested spouse interest in a property. There is no warranty given, this simply conveys any right or title that this person may have in a property to another person.

A warranty of title serves as a guarantee to a buyer that the property being transferred is owned by the seller and no other person has claims to the property. A warranty of title provides the buyer with the peace of mind needed over the property.

There are many types of implied warranties including an implied warranty of merchantability, an implied warranty of fitness, an implied warranty of habitability (for a lease), and an implied warranty of marketability (for the sale of real property, also known as a marketable title).

A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.

Warranty of Title Provided by a General Warranty Deed By signing a warranty deed, the grantor makes an absolute guarantee that the grantor owns the property, has the right to convey it, and will defend the title against anyone that asserts a claim against the property.