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Bargain and Sale Deed

 
Real Estate Dictionary: Bargain and Sale Deed

One in which the Grantor implies to have or have had an interest in the property but offers no warranties of title to the grantee. This type of deed is typically used in many states to transfer title. ContrastGeneral Warranty Deed, Quitclaim Deed, Special Warranty Deed.
Example: Abel gives Baker a bargain and sale deed which includes no warranty of title but states, "for $10 and other valuable consideration, the grantor does hereby grant and release to the grantee, the following property."

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A deed in which the grantor represents that he has some interest in the property being conveyed, without warranting that he has a clear unencumbered title. Such a deed often includes a warranty that the grantor did not encumber the property or convey away any part of the title during his period of ownership. Also see quitclaim deed; warranty deed.


 
 

 

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Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more