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Refinance and Mortgage Encyclopedia - warranty deed

Warranty Deed

A deedWritten instrument which when properly executed and delivered conveys title to real property from one in which the grantorThe seller of property. fully warrants good clear titleOwnership that is free of liens, defects, or other legal encumbrances. to the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. A warrantyA promise, either written or implied, that the material and workmanship of a product are without defect deed offers the greatest protection of any deed.

Warranty Deed

A deedWritten instrument which when properly executed and delivered conveys title to real property from one that contains a covenantAn agreement or promise to do or not to do a particular act such as a promise to build a house of a that the grantorThe seller of property. will protect the granteeThe person to whom an interest in real property is conveyed. against any claimantThe person or party making a formal request for payment of benefits due under the terms of an insurance contract..

Warranty Deed

A deedWritten instrument which when properly executed and delivered conveys title to real property from one that conveys to the granteeThe person to whom an interest in real property is conveyed. titleTitle is the evidence of ownership. In essence, title is more important than ownership because having to the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. free and clearOwning property free and clear is having title to a property without encumbrances; that is, free of of all encumbrances, except those specifically set forth in the documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds..

Warranty Deed

A deedWritten instrument which when properly executed and delivered conveys title to real property from one under which the sellerA person who makes a transfer of title to real estate. makes a guarantee or warrantyA promise, either written or implied, that the material and workmanship of a product are without defect that titleTitle is the evidence of ownership. In essence, title is more important than ownership because having is marketable and will defend all claims against it.

Warranty Deed

A deedWritten instrument which when properly executed and delivered conveys title to real property from one used to convey real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. which contains warrantiesWritten guarantees of the quality of a product and the promise to repair or replace defective parts free of charge. of titleTitle is the evidence of ownership. In essence, title is more important than ownership because having and quiet possession, and the grantorThe seller of property. thus agrees to defend the premises against the lawful claims of third persons. It is commonly used in many states but in others the grant deedA limited warranty deed using the word "grant" or like words that assures a grantee that the grantor has supplanted it due to the modern practice of securing title insuranceInsurance to protect the lender lender's policy) or the buyer (owner's policy) against loss arising policies which have reduced the importance of express and implied warrantyCourts have sometimes ruled that a warranty exists, even though it is not explicitly stated, when the in deeds.

warranty deed

A documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. protecting a homebuyer against any and all claims to the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself..

Warranty Deed

A legal documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. that includes the guarantee the sellerA person who makes a transfer of title to real estate. is the true ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself., has the right to sell the property and there are no claims against the property.
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