Purchase of property can be one of the largest investments made during one’s life, making a warranty deed important in protecting title to that property against claims made against it.
Warranty deeds provide buyers with maximum protection, yet it should be understood that they do not guarantee that the seller possesses clear title to the property in question.
General Warranty Deed
General warranty deeds provide peace of mind for sellers when transferring property free from liens, claims, or any encumbrances that might impede legal ownership transfer. They are widely used in residential real estate transactions.
Legal descriptions provide buyers with essential details of property ownership and transfer, such as its legal description and who transferred and accepted ownership, signature and notary requirements, etc.…Continue reading