An individual who holds title to real property is free to transfer all or any part of his title to another individual. A transfer of title generally takes place through the execution of a deed. A deed contains a legal description of the land and the signature of the grantor and must be delivered to […]Continue Reading... Comments Off on The Covenants Implied in a General Warranty Deed
A quitclaim deed is not used in a typical transfer of property between a buyer and seller. Rather, most transactions involve the use of a general warranty deed. A general warranty deed offers the highest level of protection; it guarantees to the buyer that the seller owns the title, that he is legally allowed to […]Continue Reading... Comments Off on When to Use a Quitclaim Deed to Transfer Property
A general warranty deed is by far the most common type of deed and is used in traditional property sales between parties that do not know one another. It is the most extensive type of deed with respect to the kinds of protections and representations it makes. A general warranty deed guarantees that the seller […]Continue Reading... Comments Off on When Does a Buyer Not Require a General Warranty Deed?
A real estate deed conveys an interest in a parcel of real property to another party. There are several types of deeds which vary with respect to the guarantees contained therein. The scope of the interest acquired by the purchaser is dependent on which deed is conveyed upon transfer. In general, the purchaser seeks to […]Continue Reading... Comments Off on What does a Purchaser Acquire Under a Warranty Deed?
All transactions for the sale of real property must be evidenced by a deed. A deed is the formal legal document that transfers ownership of the property and is recorded at the local county courthouse or recorder’s office where the property is located. While the requirements for deeds vary from state to state, in general, […]Continue Reading... Comments Off on The Use of Special Warranty and Quitclaim Deeds