This is an official Washington form for use in land transactions, a Bargain and Sale Deed (with representative acknowledgment).
Washington Bargain and Sale Deed - with representative acknowledgment
Category:
State:
Washington
Control #:
WA-1026-08
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Word;
PDF;
Rich Text
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Description Bargain And Sale Deed
Free preview Washington Bargain And Sale Deed Form
How to fill out Washington Bargain And Sale Deed - With Representative Acknowledgment?
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Deed Of Sale Form Form popularity
Bargain Sale Deed Other Form Names
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Sale Deed
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Washington Bargain Sale Deed
What Is A Bargain And Sale Deed In Washington State FAQ
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.
Buying property with this type of deed is not necessarily a bad idea, but it is advisable to take some precautions. If possible, a title search should be conducted to look for any clouds on the title and to see how difficult it would be to release them.
Bargain and sale deeds are most often used when property is transferred pursuant to a foreclosure, tax sale, or settlement of the estate of a deceased person. They may also be used in the same situations as a quitclaim deed, although they give the grantee a little more protection.
Bargain and sale deeds, as the term suggests, is used in a sale. Unlike a quitclaim, the bargain and sale deed indicates that the grantor has the title and can convey it to a buyer.The bargain and sale deed indicates that the grantor has title; but property might come with encumbrances and defects.
A bargain and sale deed doesn't warrant against any encumbrances. It simply implies that the grantor holds title to the property.A bargain and sale deed is much like a quitclaim deed in this respect. It conveys property, but it makes no guarantees that no one else has a stake in that property.
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.
This form is a Personal Representative s Deed where the Grantor is the individual appointed as personal representative of a intestate estate and the Grantee is the surviving joint tenant entitled to the property interest of decedent in the joint tenancy property.