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How to add page in the Warranty Deed

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Hi Lee Phillips here. I want to talk for just a minute about a concept called warranty deeds. Basically you have two types of deeds you have quit claim deeds and you have warranty deeds and weve got another YouTube on quit claim deeds you quit claiming your interest in the property whatever that is you might not even have an interest but you can make out a quit claim deed. On the other hand a warranty deed says that youre gonna make certain promises or the seller is going to make certain promises to the buyer the seller is what we call the grantor the buyer is what we call the grantee. So youre gonna make--if youre the seller youre gonna make certain promises to the buyer. Youre going to promise to the buyer or guarantee or warrant to the buyer that you have the actual title to the property its seasoned in you you have both a equitable title and the legal title you promise or you warrant that you have the right to transfer that or to convey that to the buyer and then youre also

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What is the main purpose of a warranty deed?

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.

Does it matter whose name is on the house?

Whos going to get the house? Well, its kind of a trick question because it doesnt matter. It doesnt matter whose name is on the deed or whose name is on the mortgage. Nine times out of 10 what matters is when the house was purchased and with what type of funds it was purchased.

What is the meaning of a warranty deed?

A warranty deed is a real estate document that warrantsor promisesthat the grantor (seller) owns the property free and clear and there arent any outstanding mortgages, liens, judgments or other encumbrances against it.

What are the pros and cons of a warranty deed?

Warranty deed pros and cons BenefitsDrawbacks Guarantees that the owner has a legal right to sell the property. Can be costly from around $100 to several thousand dollars depending on the transaction.2 more rows Aug 31, 2023

Is warranty deed same as title?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

Is a warranty deed the same as a title in Florida?

A warranty deed transfers ownership of real estate with full guarantee of title. It guarantees that the grantee will receive good and valid title to the property.

Can I prepare my own warranty deed in Texas?

As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtors office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.

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