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Location Title Warranty Feature
The Location Title Warranty feature provides you with peace of mind regarding property ownership. This service ensures that your property title is free of defects and claims, protecting your investment from potential disputes. With this feature, you can navigate real estate transactions with confidence.
Key Features
Comprehensive title search to uncover potential issues
Coverage against claims or defects in the property title
Assistance with resolving title disputes
Transferable coverage for future owners
Cost-effective protection for your investment
Potential Use Cases and Benefits
Homebuyers seeking security in their property purchase
Real estate investors wanting to safeguard their assets
Lenders needing assurance for mortgage approval
Property owners looking for protection against unforeseen claims
Individuals involved in estate planning for future generations
By using the Location Title Warranty feature, you can effectively eliminate concerns about property disputes that may arise after purchase. This feature not only helps protect your investment but also makes the process smooth when you decide to buy or sell. Simplifying your real estate journey, it allows you to focus on what truly matters: enjoying your property.
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What is Title warranty?
A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else has rights to the property. In addition, a warranty of title may be used to guarantee that no other party has copyright, patent or trademark rights in the property being transferred.
Is a warranty deed the same as a title?
A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.
What does warranty of title mean?
A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else has rights to the property. In addition, a warranty of title may be used to guarantee that no other party has copyright, patent or trademark rights in the property being transferred.
Is a warranty deed the same as a deed?
Warranty deed. A warranty deed is a type of deed where the granter (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that he or she holds title to a piece of real estate.
Is a warranty deed proof of ownership?
A warranty deed is one type of proof of ownership; it shows the name of the owner and gives a brief description of the property. The previous owner or party granting you ownership signs the warranty deed, showing your rights to the property. A quitclaim deed is the other main type of property deed.
Is a quitclaim deed the same as a title?
A quitclaim deed transfers title but makes no promises at all about the owner's title. ... Deed transfers of any kind (warranty or quitclaim) impact only the ownership (title) and do not change or affect any mortgage on the property. The mortgage is a separate document.
Who files a warranty deed?
A warranty deed transfers property from the current property owner (granter) to one or more new owners (grantees). By signing the warranty deed, the granter guarantees the grantee against all title issues, regardless of when they arose. This guarantee is not limited to the time when the granter owned the property.
Does a warranty deed prove ownership?
A warranty deed is one type of proof of ownership; it shows the name of the owner and gives a brief description of the property. The previous owner or party granting you ownership signs the warranty deed, showing your rights to the property. A quitclaim deed is the other main type of property deed.
Who signs a warranty deed?
Understanding General Warranty Deeds The name and address of the seller (called the granter) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the granter is transferring the property to the grantee.
How do I get a warranty deed?
How to Obtain a Copy of a Warranty Deed. Warranty deeds are on file with county recorder's office in the county where the property resides. To get a copy of a warranty deed, go to the county recorder's office and request a copy. Often, you will be charged a fee for the copy.
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