Make Up Title Warranty For Free

A legal warranty protects your purchase of real estate like a condo, a duplex, etc. It protects you against any hidden defects that were unknown at the time of purchase and that were not revealed by the pre-purchase inspection. For example, mold that was hidden in the walls.

An example of a warranty is a seller committing to replace or repair a product within a specified time if it doesn't meet the expected performance. This guarantee concerns the fitness, quality, and the performance of the sold product.

A warranty of title also exists for the sale of goods (or a lease warranty for use and possession). Although the warranty is implicitly conveyed with the sale of the good, it is not identified as an implied warranty and may be disclaimed by a clearly communicated writing.

It guarantees or warrants that the property is owned by the owner free of any unpaid liens, mortgages, or other obligations against it. The seller or lender, also known as the grantor, and the buyer or the grantee are the two parties involved in a warranty contract.

Another implied warranty is the warranty of title, which implies that the seller of goods has the right to sell them (e.g., they are not stolen, or patent infringements, or already sold to someone else).

There are many examples of warranties depending on the type of product a consumer is buying. Some examples may include replacing a product such as a mobile phone if it does not the way it is advertised. A consumer may also receive free repair services where a product has been damaged during use.

Quitclaim Deed: this type of deed is common in divorces and conveying a non-vested spouse interest in a property. There is no warranty given, this simply conveys any right or title that this person may have in a property to another person.