Warranty Deed Hide Symbols For Free

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.

The two parties involved in a warranty deed are the seller or owner, also known as the grantor, and the buyer or the grantee. Either party can be an individual or a business, and are often strangers to each other.

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.

A title is a legal document that proves legal ownership over an asset or piece of property. Assets such as homes, land, other types of real estate, vehicles, and personal property such as jewelry all have titles to demonstrate ownership.

In legal terms, the $10 is a peppercorn consideration. It is an actual common law term to make it clear that an actual enforceable transfer is taking place and not a promise.

All warranty deeds must include the date of the transaction, name of the parties involved, a description of the property being transferred, and the signatures of the buyers. To make it legally binding, warranty deeds must be signed in the presence of a notary public.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.