Easily Hide Text Fields to the Warranty Deed

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How to Hide Text Fields to the Warranty Deed

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In this video, Seth explains how to create a warranty deed and a quitclaim deed, highlighting the significant differences between the two types. While the information required in both documents is fairly similar, the process of creating them is straightforward. Seth will guide viewers through the basics using blank templates he has previously utilized. However, he cautions that these templates may not be applicable in all 50 states due to varying state laws and statutes related to deeds. He emphasizes the importance of being aware of the specific legal requirements in your state before using any templates.

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Why do warranty deeds say $10?

Nominal Consideration Most deeds recite nominal consideration (e.g., the sum of $10.00). This keeps the actual consideration private and is common practice in most states. Actual Consideration Actual consideration is sometimes used if the parties want to publicly document the purchase price paid for the property.

What is the entity who conveys title by deed called?

Grantor The person who owns the property and executes the deed conveying the property to another person. This can be one or more persons, a corporation, limited liability company (LLC), partnership or other entity.

What is another name for a warranty deed?

A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property.

What type of deed can be used to convey any interest in real property but contains neither expressed warranty nor implied warranty as to title?

Quitclaim Deed This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it. Moreover, a quitclaim deed does not convey any after-acquired title.

What is a document that conveys legal title to real property called?

A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer. For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.

What is a deed used to convey real property which contains warranties of title and quiet possession?

A grant deed, also known as a special warranty deed, is a legal document used to transfer ownership of real property.

What does love and affection mean in a deed?

When a deed is transferring property ownership that is a gift, the deed often will state love and affection as consideration, to clarify that there was no money exchanged, or other form of payment.

What are the 6 covenants in a deed?

There are up to six express covenants that may be found in a deed: the covenant of seisin, the covenant of the right to convey, the covenant against encumbrances, the covenant of quiet enjoyment, the covenant of general warranty, and the covenant of further assurances.

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Hide Text Fields to the Warranty Deed