Warranty Deed Replace Field Validation For Free

A house deed is the legal document that transfers ownership of the property from the seller to the buyer. In short, it's what ensures the house you just bought is legally yours. But not all house deeds are the same.

Include Consideration: Consideration is something of value bargained for in exchange of the real estate. Money is the most common form of consideration, but other consideration of value, such as other property in exchange, or a promise to perform (i.e. a promise to pay) is also satisfactory.

When you sign a deed transferring your interest in real property, you cannot reverse it simply because you regret your decision. Assuming you are on congenial terms with the person who was the grantee of your deed, he can sign a similar deed transferring the property interest back to you.

The title or deed to a piece of property, whether it be land or vehicle, is the most basic form of proof of ownership. Deeds should be recorded with the county where the property is located.

A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee.Warranty deeds ensure that the grantor has the right to sell the property, and guarantees that there are no liens or encumbrances against the land.

The two parties involved in a warranty deed are the seller or owner, also known as the grantor, and the buyer or the grantee. Either party can be an individual or a business, and are often strangers to each other.

A title is a legal document that proves legal ownership over an asset or piece of property. Assets such as homes, land, other types of real estate, vehicles, and personal property such as jewelry all have titles to demonstrate ownership.