Set Name Warranty For Free

A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property they're purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.

Warrants that the deed describes the land in question. Warrants that the grantor has the right to convey the property. Warrants that there are no undisclosed encumbrances on the property that could limit its value. Grantor promises to defend against future challenges to the grantee's title to the property.

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

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.

A warranty deed (sometimes called a general warranty deed) is a form of deed that provides a full guarantee of title to real estate. This guarantee covers acts taken by all previous owners in the chain of title.

A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.

A warranty deed provides the most comprehensive warranty of title available in New Mexico. A warranty deed's warranty covers not only defects that occurred during the seller's ownership of the property but also any defects that arose before the seller owned the property.

As one of the most secure types of deeds, general warranty deeds are used in most real estate title transfers. General warranty deeds provide guarantees that the grantor has the right to sell the property and that the grantee will be receiving a title that is free of debt, claims, or other legal encumbrances.