Insert Title Warranty For Free

A title insurance policy. The answer is a title insurance policy. Although a certificate of title is used as evidence of ownership, it does not protect against unrecorded liens or hidden defects. A title insurance policy protects the policyholder from title defects.

A deed is a document that transfers the title to property from one owner to another. It describes the property being transferred and names all parties to the transaction. It is signed by all parties and is filed on the official record.

A warranty of title is a guarantee from the seller that they can legally sell the home and that there are no liens on it. A lien on a home gives someone a legal claim to a portion of a property for money owed.

General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property. This type of deed is used in most real estate deed transfers.

A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title. The property is free and clear of all liens and outstanding claims. The title would withstand third-party claims to ownership of the property.

Every seller, by the mere act of selling, makes a warranty that the seller's title is good and that the transfer is lawful as to passage of title. A warranty of title may be specifically excluded in the contract documents, or the circumstances may be such as to prevent the warranty from arising.

Warranty of title can give the buyer of a property legal recourse to sue the seller if there is a claim or issue attached to the property. For example, an heir of a prior owner may have an unresolved claim to the property that was not made known by the seller.