Legal Deeds in Real Estate

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Commonly Asked Questions about Legal Deeds in Real Estate

What is the best deed to transfer property?

A general warranty deed is often considered the most common way to transfer real property. It is used when you are aware and confident that the title to your property is good and marketable. It is most commonly used for residential real estate transactions.

What type of deed is most used in real estate?

When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

Which deed is the best in real estate?

General warranty deed Its the type of deed that offers the most buyer protection. When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims.

What is the most commonly used deed?

A warranty deed, which also may be called a general warranty deed, is the type of deed used most frequently when real property is sold. A warranty deed guarantees that the title is free and clear of debts or liens.

Which deed is most commonly used to clear a title?

A Quitclaim Deed Can Be Used to Clear a Title Defect A quitclaim deed is often used to cure a defect (a cloud on the title) in the recorded history of a real estate title.

What is the most common form of real property ownership?

Fee simple. This is the most common type of interest. It is outright ownership. Even if you still owe money on your mortgage, as long as you have the right to sell the house, leave it to your heirs, and make alterations, your ownership is fee simple.

How do I get a deed to my house in Ontario?

Upon request, copies of the deed, mortgages, transfers and liens can be obtained by conducting an Ontario Registered Document search. Upon request, any outstanding judgments on the registered owners as they appear on the Parcel Register can be obtained by ordering a Writ of Execution.