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2021-02-16
Set Up Title Warranty Feature
The Set Up Title Warranty feature provides homeowners and real estate professionals with a reliable option to protect their property investment. With this feature, you can ensure clear ownership and mitigate risks related to title disputes.
Key Features
Comprehensive coverage for title defects
Streamlined process for setting up warranties
User-friendly interface for easy management
Access to expert support during the warranty period
Potential Use Cases and Benefits
Homebuyers can secure peace of mind when purchasing new properties
Real estate agents can enhance service offerings to clients
Property investors can protect their assets and improve resale value
Professionals can ensure compliance with industry standards
By implementing the Set Up Title Warranty feature, you can effectively address concerns about title issues and safeguard your property. This feature simplifies the warranty process, allowing you to focus on what matters most—enjoying your home or closing successful deals. With this solution, you eliminate uncertainty and create a more secure experience for everyone involved.
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What are the warranties of title?
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?
Paired with title insurance, your warranty deed guarantees that the granter is the rightful owner and transfers these rights and title to you as the grantee or new owner of the property. With a warranty deed, your title is clear. ... However, both the warranty and quitclaim deeds are not sales documents by any means.
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.
What is a covenant of title?
Covenants for title are covenants which come with a deed or title to the property, in which the granter of the title makes certain guarantees to the grantee. Non-compete clauses in the United States are also called restrictive covenants.
What is a covenant of right to convey?
What is COVENANT OF RIGHT TO CONVEY? An assurance by the covenant or that the granter has sufficient capacity and title to convey the estate which he buy his deed undertakes to convey.
What is a covenant of warranty?
Covenant of Warranty: Covenants that represent seller's promise to protect the buyer against anyone who comes along later and claims paramount title to the property.
What is a covenant against encumbrances?
Covenant against encumbrances is a title covenant in the form of a stipulation by the covenant or that there are no outstanding rights or interest to the estate conveyed or any part thereof which will diminish the value of the estate, but which are consistent with the passing of the estate.
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