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2020-05-19
Fix Title Warranty Feature
The Fix Title Warranty feature offers peace of mind for property buyers and sellers by ensuring a smooth and secure transaction. This warranty protects you from potential title defects that could arise after the purchase. With this feature, you can feel confident that you are making a safe investment.
Key Features
Covers legal fees related to title disputes
Ensures clear ownership free of unforeseen claims
Protects against fraud and forgery related to titles
Provides support for resolving title issues
Simple claims process for quick resolutions
Potential Use Cases and Benefits
Ideal for first-time homebuyers seeking security
Helpful for real estate agents wanting to assure clients
Useful for investors in properties with potential title concerns
Critical for sellers wishing to enhance property appeal
Beneficial for improving trust in property transactions
With the Fix Title Warranty feature, you can overcome concerns about title issues that might otherwise jeopardize your investment. By providing comprehensive coverage and support, this feature significantly reduces your risk, allowing you to focus on enjoying your property. Invest wisely and protect your future with confidence.
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What is a 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?
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.
Does a warranty deed mean you own the property?
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.
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.
What is a warranty deed on a property?
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 and a deed the same thing?
Any type of deed functions to transfer ownership of property between two parties. Different types of deeds can be used to meet specific needs of the seller and buyer. The warranty deed is commonly used when a property is purchased at or around its fair market value.
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