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A warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. Its purpose is to guarantee that the seller has the legal right to sell the property and that there are no outstanding claims or liens against it. The warranty deed also provides a promise that the seller will defend the buyer against any future claims to the property.
What else can I help you with?
How do you obtain a special warrenty deed for your home?
The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.The buyer must request it prior to the closing. It is up to the parties to negotiate the type of deed that will be used to transfer the property. You cannot change your own deed to a warranty deed.
What is the process for transferring ownership of a house using a warranty deed?
To transfer ownership of a house using a warranty deed, the current owner must sign the deed in front of a notary public, then the deed is recorded at the county recorder's office. This legally transfers ownership of the property to the new owner with a guarantee that the title is clear of any defects.
If your name is on the warranty deed but not on the mortgage loan are you on any credit reports?
No ditto answer---NO
Bargain and Sale Deed?
Get StartedA Bargain and Sale Deed is a type of real property (i.e. land or a building like a house or apartment) deed where the grantor or owner of the property transfers (grants) their portion of interest in the property in which the grantor has title. A Bargain and Sale Deed is commonly used when a property is transferred between parties unfamiliar to each other as it provides certain safeguards for the Grantee or buyer. A Bargain and Sale Deed can be drafted to provide a guarantee to the buyer that the seller owns the property free and clear of any debt (unless the debt is disclosed in the deed). This type of deed can also be drafted without such a guarantee in the event the Grantor has disclosed existing indebtedness to the Grantee.**If the Grantor desires to provide a guarantee against problems with the title regardless of when or under whose ownership they occurred, a Warranty Deed is more appropriate. If the Grantor only wishes to guarantee against problems with the title to the property through the time the Grantor owned the property a Special Warranty Deed is needed. If the Grantor does not desire to provide any guarantees regarding title or the seller's authority to sell the property free and clear of debt, then a Quit Claim Deed is best.
Can I get a new construction loan using a home deed as down payment?
You can get a 2d for any purpose you like, but title will not be clear for as long as it exists.
Is a warranty deed the same as a conveyance deed?
Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.
What is a warranty deed in Texas?
A Texas warranty deed is a warranty deed that is drafted based on the requirements of the Texas statutes. Texas also has a statutory warranty deed.
Is there implied warranty of title in all real property transfers?
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.
What is a corr warranty deed?
That may refer to a 'corrective warranty deed'.
Can a warranty deed be reserve by quit claim deed after a death?
No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.
What is needed to transfer title on real property in Texas?
A Deed it can be warranty or a general warranty deed or a Quit Claim Deed depending on variables in the transaction. A Title company or county clerk can probably lend advise as to the best sort of deed for your purpose. It needs to be notarized and recorded at the local county court house.
What is a real estate war deed?
A war deed is a warranty deed. http://en.wikipedia.org/wiki/Warranty_deed has nothing to do with military war.
Is Grant Bargain Sale Deed a Warranty Deed?
No. A bargain and sale deed is not the same as a warranty deed. The primary difference is that a bargain and sale deed does not guarantee that the seller holds clear title to the property.
Can a warranty deed be transferred back to original owner?
I'm not an attorney. A warranty deed can go back to the original owner. Why not? The original owner can acquire the property again; there is no law against that. The deed might still be a warranty deed, but if the deed has become clouded in some way while under other ownership, the original owner might possibly not receive a warranty deed when he gets the property back.
How do you add someone's name to you warranty deed in Texas?
Execute a new warranty deed. Write your name and the name of the person you want to add. Take the warranty to the notary public. Take the notarized deed to the land records.
What is the difference between a Limited warranty and sheriffs Deed?
The difference is that a Limited warranty only offers warranty on objects that are labeled 87SQ-7681Qa76T. Sheriffs Deed is a deed that indicates your right for a object labeled QW786289-27252T.
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.
