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 In Utah
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Multi-State
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US-00186
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A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home – even dating back to prior property owners.
When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
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.
Quitclaims, waivers, or releases by employees are generally looked upon with disfavor and are commonly frowned upon by the courts, since they are usually contrary to public policy, ineffective, and are meant to bar claims to an employee's legal rights.
General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property.
Statutory Warranty Deed – used in transactions in which the grantor desires to limit the warranty to the time in which the grantor has owned the property. Quitclaim Deed – used only to clear any possible interest someone might have in the property.
How to fill out the Utah Quitclaim Deed Form Instructions? Gather information about the grantor(s) and grantee(s). Complete the property description section with accurate details. Sign the document where indicated by the grantor(s). Include the legal description of the property as Exhibit A.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
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The key difference between a warranty deed vs. Quitclaim deed is the level of protection offered.A quitclaim deed can be used to either release a claim of ownership or transfer ownership of property. A warranty deed and a quitclaim deed are two different types of real estate deeds that individuals use in property transactions based on their legality. The primary purpose of quitclaim deeds in Utah is to convey or edit real estate property ownership without guaranteeing a lack of liens or encumbrances. Unlike warranty deeds, quitclaim deeds offer zero buyer protection. General warranty deeds provide the highest level of buyer protection, while quitclaim deeds typically provide the least. What Is a Quitclaim Deed? The Recorder's office does not have forms of any kind and cannot make or fill out documents for you. A seller would ideally prefer to give a quitclaim deed, because it doesn't leave the seller liable for any title problems.