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Authority to Release of Deed of Trust

Warranty Deed Vs Quitclaim Deed For Property In Fairfax

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Fairfax

Control #:

US-00186

Format:

Instant download

Description

This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.

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FAQ

Ownership may be transferred by preparation of a new deed, which has been properly signed. The new deed must be recorded in the Circuit Court Clerk's Office where the real estate is located.

From the standpoint of the grantor, the best type of deed to convey property is generally considered to be a Quitclaim Deed. This deed transfers any interest the grantor has in the property to the grantee without warranties or guarantees that the title is clear.

General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.

It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.

Cons of Manufacturer Warranties Limited Coverage Scope: Manufacturer warranties often have limitations on the specific components or issues they cover. Certain parts or conditions may be excluded from the warranty coverage, requiring you to review the warranty terms and conditions carefully.

Warranties for your protection A deed can convey property under the following terms: Quitclaim — The grantor simply transfers whatever interest they hold in the property to the grantee. General warranty deed — The grantor promises to defend title to the property against all claims.

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A quit claim deed is a simpler and lower cost conveyance often used when a property transfers ownership without being sold. In a special warranty deed, the seller only guarantees that they have not placed any encumbrances on the property since they have owned it.A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title. Quitclaim deeds carry no warranty of title, and merely transfer whatever interest, if any, the grantor has in the property at the time of conveyance. Quitclaim Deeds do not include any warranties regarding title, and the grantor merely conveys whatever interest he has in the subject property. Fairfax County Warranty Deed Form. Fill in the blank form formatted to comply with all recording and content requirements. In order to enter into a general warranty deed, the seller must guarantee that he or she is the rightful owner of the property. The Land Records Division accepts documents from property transactions in Fairfax County and the City of Fairfax.

Warranty Deed Vs Quitclaim Deed For Property In Fairfax

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FAQ

How do I transfer ownership of a property in Virginia?

Which type of deed would be the best to convey property?

What is the best deed to transfer property?

Which is better, quit claim deed or warranty deed?

What is the disadvantage of a warranty deed?

What is the best deed to convey property?

What type of deed is used to convey property in Virginia?

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