This is an official Washington form for use in land transactions, a Statutory Warranty Deed [Fulfillment] (with representative acknowledgment).
This is an official Washington form for use in land transactions, a Statutory Warranty Deed [Fulfillment] (with representative acknowledgment).
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A Washington special warranty deed form conveys Washington real estate from the current owner (grantor) to a new owner (grantee) with a warranty of title that is limited to the period that the grantor owned the property.It has no legislative origin and is not explicitly recognized in the Washington statutes.
Bargain and sale deeds are most often used when property is transferred after a foreclosure, tax sale, or the settlement of a deceased person's estate. They may also be used in the same situations as a quitclaim deed, although they give the grantee a little more protection.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
What is a Washington Bargain and Sale Deed? A Washington bargain and sale deed form transfers Washington real estate from the current owner (grantor) to a new owner (grantee) with a warranty of title that is limited to the time period that the grantor owned the property.
The Washington statutory warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.Our title agents can help.
In its most basic form, a bargain and sale deed includes a warranty that the grantor has title to the property but does not guarantee that the property is free of claims.In contrast, a grantee would prefer a general warranty deed because it gives them the most protection possible.
A warranty deed is a deed in which the grantor warrants good, clear title. It is a deed which explicitly contains covenants concerning the quality of title it conveys. Yes, it is a conveyance ("transfer") of title.