0
Is there implied warranty of title in all real property transfers?
Wiki User
∙ 12y ago
Absolutely not. Only a warranty deed carries any warranty of title.
Absolutely not. Only a warranty deed carries any warranty of title.
Absolutely not. Only a warranty deed carries any warranty of title.
Absolutely not. Only a warranty deed carries any warranty of title.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoAbsolutely not. Only a warranty deed carries any warranty of title.
Add your answer:
Earn +20 pts
Can you finance a home with a deed but no title?
A deed is the legal document that transfers title to the property. If you have a deed that names you as the grantee then you have title to the premises.
Special Warranty Deed?
According to Fortenberry (2017) of DeedClaim dot com, "A special warranty deed (called a grant deed, covenant deed, or limited warranty deed) is a deed form that transfers property with a limited warranty of title." If you have any further needs with this specific kind of deed, their service has proven to be incredibly helpful. They also have all the forms online and will walk you through your special warranty deed by hand. You only pay when you're ready to print for $59.99. What attorney would be dumb enough to charge that little and do it that quickly? ;) Cheers!
How can a spouse be dropped from a title?
The spouse must voluntarily execute a deed that transfers their interest in the property to you.
Do you have to record property into the living trust?
Yes. The deed that transfers title to the trustee must be recorded.
Is a quitclaim deed the same as a mortgage deed?
No. A quitclaim deed transfers the property to a new owner permanently. A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.
When you have paid off a home from a private seller how do you transfer the documents?
First, you have the title to the property examined by an attorney to make certain the "private person" you have been paying is indeed the owner, the only owner, of the property. Then you have a deed drafted by the attorney and signed by the current owner that transfers the property to you.First, you have the title to the property examined by an attorney to make certain the "private person" you have been paying is indeed the owner, the only owner, of the property. Then you have a deed drafted by the attorney and signed by the current owner that transfers the property to you.First, you have the title to the property examined by an attorney to make certain the "private person" you have been paying is indeed the owner, the only owner, of the property. Then you have a deed drafted by the attorney and signed by the current owner that transfers the property to you.First, you have the title to the property examined by an attorney to make certain the "private person" you have been paying is indeed the owner, the only owner, of the property. Then you have a deed drafted by the attorney and signed by the current owner that transfers the property to you.
How do you create a house title?
An individual does not create a title to real property. Title is established through deeds, transfers of title by other means and inheritance. Title to property is established by a careful review of the land records where the property is located and the probate records if any owner died while owning the property.The only way you can establish your title to real property is to acquire the property from the legal owner.
What are the disadvantages of special warranty deed?
A Special Warranty Deed only provides warranty of title for the period during which the grantor owned the property. In some jurisdictions that type of deed is called a quitclaim deed. It does not guarantee that the grantor has good title, full ownership or that there exist no liens or defects prior to the grantor's ownership. If you acquire real property by a Special Warranty Deed you should have the title examined by a professional title examiner who is familiar with the required time period that must be covered by a title examination in your state as well as ALL the legal issues that affect title to real property. An attorney should represent you in the purchase.
Is an executor's deed as good as a warranty deed?
They are different.When referring to loans secured by real property a deed of trust is the term (and process) used in some states for a loan secured by real estate. The property is transferred to a trustee until the loan is paid and then the trustee transfers the property back to the owner by a trustee's deed.In many states a mortgage is used to secure real property that is used as collateral for a loan. When the loan is paid the mortgage is discharged.Both terms have a different meaning when referring to conveyancing.
Is title to a house the same as a deed to it?
Not exactly. The person with title to a property is the person who legally owns it. A deed and a title are not the same thing. A deed is a legal document that transfers the title from one person to another.
What is a limited warranty deed?
A limited warranty deed warrants the title only for any problems that occurred during the seller's ownership. It does not warrant the title for anything that happened prior to the seller's ownership of the property. A buyer can sue the seller under a general warranty deed for title defects that occurred during prior ownerships but not under a limited warranty deed.
Who owns the title of the property?
Ownership of real estate is evidenced and accomplished by a deed. The person who transfers the property is called the grantor and the person who receives it is the grantee. In any deed, the grantee is the new owner. The owner of real estate is said to hold title to it.
