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How to bold symbol in the Warranty Deed

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All right, in todays video, were gonna discuss types of deeds. Now theres probably about a dozen or so of the types of deeds were gonna discuss, and you need to know these for your real estate licensing exam. Very important. Now, understand just a little review here, I did another video that outlined the basics of deeds and what contents or what essential elements must be in a deed for it to be valid. If you have not previewed that video, please go and watch that video before you go to this video, and Im gonna leave a link right up here in your upper right hand corner of your screen. Thats a link to the video. Watch that one then come back to this one. And if youve watched that video, you will have learned that the deed is the proof or the evidence of a transfer of title or a conveyance of title. The other thing that the deed does, it represents the quality of the legal interest, what we call the quality of the estate, the type of deed determines quite frankly the quality of the

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How do I fill out a Texas general warranty deed?

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

What is another name for a warranty deed?

A grant deed, also known as a special warranty deed, is a legal document used to transfer ownership of real property. A quitclaim deed releases a persons interest in a property without stating the nature of the persons interest or rights, and with no warranties of ownership.

What are the risk of a special warranty deed?

A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property. Its possible with this type of deed that someone else could come along who had a claim to the property or a lien existing from some long-unpaid debt.

What is the abbreviation for warranty deed?

WD- Warranty Deed. WDVL- Warranty Deed with Vendors Lien.

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.

Is a warranty deed the same as a grant deed?

The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they havent sold the property to anyone else, and that it is clear of any liens or restrictions.

What does PT stand for in real estate?

PRTY - PROPERTY. PT - POINT, PART. PTN - PORTION.

What are the four deeds?

Most current deeds fall into one of four categories: 1) General Warranty, 2) Special Warranty, 3) Quit Claim deed, and 4) Bargain and Sale deed. General Warranty Deed The General Warranty deed is often referred to simply as a warranty deed.

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Bold symbol in the Warranty Deed