Probate

Warranty Deeds at a Glance

Warranty Deeds at a Glance

November 30
00:00 -0001

Warranty Deeds at a Glance

A warranty deed is a commonly used legal document in the realm of real estate. The warranty deed essentially guarantees that the seller of the property or real estate guarantees that the such property is free of any encumbrances, such as liens or mortgages, and the he/she is lawfully allowed to sell the property. The warranty deed will effectively protect the buyer of the house, guaranteeing that there will be no outside parties claiming ownership or vested interest in the property or real estate. 
 
 
There are two general types of warranty deeds. The general warranty deed is one that holds the guarantee of the owner or seller extends as far as the creation or construction of the property or home. A special warranty deed limits the term of the guarantee strictly the time that the owner or seller has occupied and owned the property. In other words, a special warranty does not exclusively guarantee that there are no mortgages, liens, or interested or involved parties in regards to the home or real estate property. 
 
 
This is an important aspect to consider, for the differences in warranty deeds can surely have an impact on the buyer. Typically speaking, a buyer will not be made aware of any liens or mortgages on a property or home until after the purchase transaction is completed. A general warranty protects the buyer, allowing to take legal action against the seller of the property in the case that an encumbrance is found after the transaction of property. 
Share

About Author

admin

admin

Related Articles

Probate news

 Probate Courts Declare “Incapacitation” More Than Ever Probate Courts Declare “Incapacitation” More Than Ever Across the country, many seniors entering their later years are being declared incapacitated, which requires that they are assigned a guardian who will oversee their finances and make all legal decisions affected the senior.
  African Woman Fights for Equal Inheritance Rights African Woman Fights for Equal Inheritance Rights Philani Moyo, a 27 year old woman from Zimbabwe, is fighting the traditional customs of inheritance, as she tries to stay in her childhood home.

Guide To: Probate Lawyers

Guide to Finding Probate LawyerGuide to Finding Probate Lawyer A Probate Court Lawyer is an attorney who specializes in the disposition of an individual's through probate; the formal distribution of a person's possessions property.
Guide to Finding Will LawyerGuide to Finding Will Lawyer Who are Will Lawyers Will lawyers are legal professionals who aid clients in the drafting, upholding and affirmation of all types of wills.
Guide to Finding Estate Planning LawyerGuide to Finding Estate Planning Lawyer What do Estate Planning Lawyers do?Estate Planning Lawyers are those attorneys that specialize in creating and maintaining testamentary documents.