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How to adjust title warranty

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Title insurance is essential for buyers to protect themselves when purchasing a property, as it provides guarantees about the title. While a special warranty deed offers some protection, it is not comprehensive. A warranty deed, along with title insurance, ensures that the seller is the rightful owner and transfers the rights to the buyer. Don't forget to subscribe and hit the bell notification for more information.

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What is implied warranty as to title?

An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer. An implied warranty is different from an express warranty, where the seller has expressly promised by words (i.e. orally or in writing) or conduct (e.g., sample or model).

What is a warranty deed in Maryland?

A Maryland general warranty deed is used to convey property from a grantor (seller) to a grantee (buyer). This sort of deed provides the buyer with a guarantee from the seller that the seller is legally authorized to sell the property.

What is an example of warranty of title?

Warranty of title can give the buyer of a property legal recourse to sue the seller if there is a claim or issue attached to the property. For example, an heir of a prior owner may have an unresolved claim to the property that was not made known by the seller.

Why would you use a special warranty deed in Texas?

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

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