US Legal Forms
Authority to Release of Deed of Trust

Warranty Deed Vs Quit Claim Deed In Virginia

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

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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Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option.A quit claim deed is a simpler and lower cost conveyance often used when a property transfers ownership without being sold. A quitclaim deed, also known as a non-warranty deed, is the most basic type of deed and offers no warranties from the seller to the buyer. 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 distinctive feature of a Quitclaim Deed is that it offers no warranties or guarantees regarding the quality of the title being transferred. Unlike warranty deeds, quitclaim deeds offer zero buyer protection. The name quit claim deed form refers exclusively to the warranty of title providedor, in this case, not providedin the deed. The key difference between a warranty deed vs. Quitclaim deed is the level of protection offered.

Warranty Deed Vs Quit Claim Deed In Virginia

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