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How to dispose title warranty

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hey there its casey nemo here taxolacademy.com thank you so much for joining me for this weeks tax sell tip segment this weeks tip comes as a result of some different emails that ive received over the past couple of months asking questions about deeds specifically i want to discuss the proper time to utilize a warranty deed instead of a quit claim deed now many new investors want to utilize warranty deeds because of the potential to sell the property at a higher price the buyer will simply pay more for that property when you sell it utilizing a warranty opposed to a quit claim deed now for you it might just be a piece of paper that transfers ownership from you to the next person unfortunately using a warranty deed without regards to a number of other things youre going to be putting yourself into a huge potential nightmare now before we get into it i want you to understand i am not providing legal advice and i want you to also understand this is my personal take if you want to op

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What does it mean to dispose of collateral?

Collateral Disposition means any sale, transfer or other disposition (whether voluntary or involuntary) to the extent involving assets or other rights or property that constitute Collateral.

What is the right of the secured party under the UCC to take possession after default?

The rights of possession are governed by Section 9-1609. Upon default, a secured party can either take possession of the collateral or render collateral such as equipment unusable, or dispute of collateral on a debtors premises under Section 9-1610.

What occurs when a secured party takes back collateral because the debtor has failed to make payments when due?

Repossession Protections Default occurs when the debtor either fails to make a payment when due or violates his or her security agreement. After a debtor defaults, the secured party may obtain possession or control of the collateral by written consent of the debtor or by obtaining an order from the tribal court.

What is California Commercial Code 9610?

If commercially reasonable, a secured party may dispose of collateral by public or private proceedings, by one or more contracts, as a unit or in parcels, and at any time and place and on any terms. (c) A secured party may purchase collateral at either of the following: (1) At a public disposition.

Does the California Commercial Code apply to services?

Californias Commercial Code governs all aspects of the law relating to the purchase and sale of goods. It does not apply to contracts for the purchase and sale of real property, or contracts for the provision of services, or contracts for the purchase and sale of securities or things in action. Goods are defined

What defines a title guarantee?

Full Title Guarantee Basically it assures, or promises, that the seller has the right to sell the property. In legal terms the following usually applies: The seller has the right to sell the property. The seller will do their very best, and at their own costs, to ensure that the buyer has good access to the assets.

What is the title guarantee?

Full title guarantee implies that: The disposing party has the right to dispose of the property (section 2(1)(a)). The disposing party will do all it reasonably can to give the title it purports to give, at its own cost (section 2(1)(b) and (2)).

What is the California Commercial Code for sale of goods?

2204. (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract. (2) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined.

What does disposition of collateral mean?

Collateral Disposition means any sale, transfer or other disposition (whether voluntary or involuntary) to the extent involving assets or other rights or property that constitute Collateral.

What is disposition of collateral after default?

Disposition of collateral after default. (a) Disposition after default. After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing. (b) Commercially reasonable disposition.

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