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Common Uses for a Deed Without Warranty A deed without warranty conveys to someone else whatever interest you have in a particular piece of property. It is just what it says it is -- a deed that makes no promises, or warranties, about anything (for example, whether there is a lien on the property).
Validity of a Deed A deed does not need to be filed or recorded with a government agency to be valid. The option to record a deed is a service offered by a local government so the public has notice of the current ownership of property.
What Happens if a Deed Is Not Recorded? ... At the time of transfer, the owner usually records the deed by filing it in the land records of the property's county but it is not required for it to legally transfer title to the new owner. However, failure to record a deed may cause problems for the new owner.
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.
A warranty deed is a document signed by a property owner giving the title ownership to a new owner. This notification of change must be properly recorded with the county to update official records with the deed title.
Legality of a Unrecorded Notarized Quitclaim Deed However, even if it is not filed at the time of signing, or not filed at all, the quitclaim deed is still legal. Though filing and recording this document is recommended and provides certain protections for the buyer, it is not a requirement for legality.
Any type of deed functions to transfer ownership of property between two parties. ... The warranty deed is commonly used when a property is purchased at or around its fair market value. The deed implies certain warranties that the seller, or grantor, provides to the buyer, or grantee.
A warranty deed is a type of deed where the grantor (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.
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.
A quitclaim deed only transfers the grantor's interests in a piece of real estate. ... Only whatever part of the land the grantor owns, if any, will transfer to the grantee. A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate.
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