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A warranty deed is a type of deed where the grantor (seller) guarantees that they hold 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 they hold title to a piece of real estate.
A general warranty deed is the most common deed you'll come across in a standard home sale. It's "the physical representation of the transfer of ownership," says Kendall Bonner, a licensed Florida ...
A good title consists of the combination of these three (possession, right of possession, and right of property) in the same person(s). The extinguishing of ancient, forgotten, or unasserted claims, such as E's in the example above, was the original purpose of statutes of limitations. Otherwise, title to property would always be uncertain.
Buying or selling a home usually involves a fair amount of paperwork. A warranty deed is one of the more important documents you may encounter during the process. Warranty deeds are used to verify ...
These rights, inherent in patented land, pass from one heir to another, from an heir to an assignee, or from an assignee to another assignee, and are immutable except through private agreements like a warranty deed or quitclaim deed. The legal framework governing a specific parcel of patented land is typically dictated by the Congressional Act ...
When a property has a clear title, that means the title is free from liens or other claims that could call its ownership into question. ... A forged deed. An undisclosed divorce. Undisclosed tax ...