Washington Statutory Warranty Deed Fulfillment is a real estate deed that provides the highest level of protection for a buyer. This deed provides assurance to the buyer that the seller has good title to the property being conveyed and is free from any liens or encumbrances. The deed also promises that if there are any issues with the title, the seller will reimburse the buyer for any losses. There are two types of Washington Statutory Warranty Deed Fulfillment. The first is the General Warranty Deed, which is a deed that warrants the seller’s title to the property against any claims that may have been made against the title before the deed was delivered. The second type is the Special Warranty Deed, which warrants the title only against claims that were made against the title after the deed was delivered.
Washington Statutory Warranty Deed Fulfillment
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FAQ
The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. A deed of trust is used to secure a loan, while a deed is used to transfer ownership of a property.
A deed of trust can benefit the lender because it typically allows a faster foreclosure on a home. Most deeds of trust have a ?non-judicial foreclosure? clause, which means that the lender won't have to wait for the court system to review and approve the foreclosure process.
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.
Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.
A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.
The fulfillment deed must be stamped by the county treasurer as required by WAC 458-61A-301, and the stamp must show the affidavit number of the sale for which the deed is fulfilling.
What is a Washington Statutory Warranty Deed? A Washington statutory warranty deed form (sometimes called a general warranty deed or simply a warranty deed) transfers Washington real estate from the current owner (grantor) to the new owner (grantee) with a full warranty of title.
How do I get a copy of my deed? You can request a copy of a recorded deed from the Recording Division by phone, in person or by mail.