Washington Warranty Fulfillment Deed is a legally binding document created under Washington State laws. It is used to transfer title from a seller to a buyer, and it is a deed that is used when a seller wishes to provide a warranty of title to the buyer. This type of deed is commonly used when purchasing real estate. The Washington Warranty Fulfillment Deed is written in the form of a deed of trust and is commonly known as a 'full warranty deed'. This document provides the buyer with a guarantee that the seller holds a clear title to the property and that there are no undisclosed claims against the title. There are three types of Washington Warranty Fulfillment Deed: General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. A General Warranty Deed is the most comprehensive deed and provides the buyer with the broadest guarantee that the seller holds a clear title to the property. A Special Warranty Deed is similar to a General Warranty Deed, however, it only offers limited guarantees to the buyer. A Quitclaim Deed is the least comprehensive deed and does not offer any guarantee that the seller holds a clear title to the property. Instead, it simply transfers whatever interest the seller has in the property to the buyer.
Washington Warranty Fullfillment Deed
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FAQ
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.
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.
What is a Washington Warranty Deed? A warranty deed is a legal document that transfer interest in real property from one person to another, with certain specified covenants from the grantor to the grantee.
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.
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.
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.
A Deed is a legal document that conveys interest in real property from one person or entity to another. The three types of deeds approved by Washington State Legislature are; the Warranty Deed, Bargain and Sale Deed and the Quit Claim Deed.
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.