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.
Warranty Deed Vs Quit Claim Deed For House In King
State:
Multi-State
County:
King
Control #:
US-00186
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
You can sell as a warranty deed... but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if there's a title company/title insurance being purchased.
Common uses – Typically, quitclaim deeds are used for lower-risk transfers between related parties. In contrast, warranty deeds are used for real estate sales and high-value transactions involving unrelated grantees. Grantee risks – With a quitclaim deed, all risks remain with the grantee.
Special Warranty Deed Risks: The limited protection may expose buyers to title issues that arose before the seller's ownership period. This can be risky, especially for older properties or those with a complicated title history.
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.
The easiest and cheapest way would be for owner to transfer by using a ``quitclaim'' deed where they are the grantor and the children are the grantees. A real estate attorney or title company can prepare the deed for around $100.
The safest type of deed is a warranty deed, which gives complete assurance that the grantor has every legal right to grant ownership to the grantee. On the other hand, a quitclaim deed transfers ownership without any legal guarantee or warrants that there are no encumbrances or liens on the property.
Warranty Deeds A warranty deed offers the same promises as a grant deed, and then some. The owner of a property is guaranteeing that they have the full right to sell and transfer the property, and that the property is clear of any present or future claims, such as liens and taxes.
Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.
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.
More info
Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option.A warranty deed and a quit claim deed are both legal documents that can be used to transfer ownership of real property. A warranty deed can be used for most property transfers. A quitclaim deed can transfer ownership to a specific, trusted person. A quitclaim deed gives no warranties or guarantees to the grantee. A quit claim deed is a way for the current owner to give up any claim on the property without making any promises about what the new owner can expect. In this video I'm going to take you through the process of how to put together a warranty deed and a quick claim deed. Unlike a quitclaim deed, a warranty deed can grant a certain level of assurances when ownership is transferred. Where quitclaim deeds provide limited security, warranty deeds offer full legal protection to grantees – or buyers – after a property changes hands.