Warranty Deed Insert Option Choice For Free

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)

In legal terms, the $10 is a peppercorn consideration. It is an actual common law term to make it clear that an actual enforceable transfer is taking place and not a promise.one famous judge has said that it can be something as small as a peppercorn2026 which is why this is often called peppercorn consideration.

Yes, in order for a Warranty Deed to be valid, it must be signed and stamped by a notary public before it can be filed with the County Clerk's Office.

The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.A quitclaim deed, for example, is far simpler than a warranty deed.

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.

There are several examples of what constitutes a mistake in the recorded deed; one of the most common being an error in the legal description of the property being conveyed. An erroneous legal description attached to a deed operates to cause the recorded deed to be defective, and impacts the chain of title.

For example, good consideration in real estate is when a buyer and seller agree to the terms and conditions for the purchase of a home. This is a good consideration as it is something legally permissible and it is good between the parties.