Warranty Deed Hide Date Field For Free

Recording proves the execution of the instrument. A. RECORDING GIVES CONSTRUCTIVE NOTICE TO THE WORLD OF THE RIGHTS AND INTERESTS IN A PARTICULAR PARCEL OF REAL ESTATE. Properly recording documents in the public record serves as constructive notice to the world of a party's right, claim, or interest in real estate.

Prop. Code § 5.076(a). If a seller fails to record the contract, then the seller can be liable for up to $500.00 for each calendar year of noncompliance.Code A§ 5.079 to provide that A recorded executory contract shall be the same as a deed with a vendor's lien.

A Warranty Deed is a real estate document used when a property owner (grantor) transfers land to a buyer (grantee), and wishes to make a guarantee that the property is free and clear of any encumbrances, like a lien or mortgage.

A warranty deed isn't proof that you now own the property. Rather, it means the previous owner can guarantee that no one else holds ownership or is owed money for the property. You don't actually own the property until the title is transferred to you.

The first paragraph of our Conveyance states: "in consideration of the sum of Ten and more dollars ($10.00) cash in hand paid and other good and valuable consideration." These conveyances are recorded in the Courthouse of the County in which the interest is located, thereby placing it of public record.

DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.The grantor may also make certain future covenants in the Deed.

Once your transaction closes, you will receive the deed to your property along with your title insurance policy. The title process usually takes about two weeks; however, depending on the property and transaction type, this can vary dramatically.