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A quitclaim deed is most commonly used to cure a defect in the title of real property. It allows for a quick transfer of property rights and potential responsibilities. Mortgage, title insurance and contract for purchase and sale do not directly address title defects. The correct option is (b) A quitclaim deed. Which of the following would be used to cure a defect in title of real Brainly question Brainly question
Key Takeaways. A warranty deed protects the buyer and ensures that the seller holds a free and clear title to a property without any outstanding liens or mortgages. A warranty deed is a legal real estate document and protects the buyer against future claims to the title of the property.
quit claim deed As the name states, a quit claim deed does not actually state or claim that title is being conveyed. Rather, the grantor is quitting or releasing any claim they have in the title to the property against any present claims made or that can be made by the grantee for the title against their grantor. Deeds Types - The University of Maine The University of Maine svt uploads sites 2015/05 De The University of Maine svt uploads sites 2015/05 De
Clouds on the title are resolved by initiating a quitclaim deed, which releases a persons interest in a property without stating the nature of the persons interests. Cloud on Title: What it is, How it Works - Investopedia Investopedia terms cloudontitle Investopedia terms cloudontitle
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.
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.
General warranty deed General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. 6 Types of Deeds in Real Estate Explained - 2024 - MasterClass MasterClass articles types-of-deeds MasterClass articles types-of-deeds
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.