Warranty Deed Replace Checkmark For Free

As one of the most secure types of deeds, general warranty deeds are used in most real estate title transfers. General warranty deeds provide guarantees that the grantor has the right to sell the property and that the grantee will be receiving a title that is free of debt, claims, or other legal encumbrances.

What are the Three Most Common Types of Deeds?General Warranty Deed.Special Warranty Deed.Quitclaim Deed.Jul 19, 2017

In This ArticleQuitclaim Deed.Deed of Trust.Warranty Deed.Grant Deed.Bargain and Sale Deed.Mortgage Deed.Jan 21, 2020

A house deed is the legal document that transfers ownership of the property from the seller to the buyer. In short, it's what ensures the house you just bought is legally yours. But not all house deeds are the same.

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.

The Statutory Warranty Deed.Like Warranty Deeds, the Special Warranty Deed conveys fee simple title and has the same five covenants of title. The difference, however, is that the Special Warranty Deed limits the time period to which the seller's five covenants of title apply.

A Warranty Deed has no expiration date, it is transferred permanently as of the date of the transfer.

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.

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 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.