Easily Hide Value Choice in the Warranty Deed

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How to Hide Value Choice in the Warranty Deed

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In this video, Clint Coons discusses the use of deeds in property transactions, emphasizing a lesser-known approach to deeding property discreetly. He explains that while the typical process involves receiving a deed, recording it with the county recorder, and thereby making the ownership public, it's not strictly necessary to record a deed for a legally enforceable transfer of title. Coons highlights that although recording is important for protection against claims, the actual transfer of property can happen without public knowledge. The video aims to educate viewers on alternative methods of property deed transfer.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the strongest type of deed?

A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.

What is the best protection deed?

General Warranty Deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good clear title to the property. This type of deed is used in most real estate deed transfers.

What does in consideration of $10 mean?

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 deed best protects the seller?

A warranty deed holds the seller, or grantor, responsible for any bdocHub after the title search, even if the bdocHub occurred without their knowledge or during a period before the grantor owned the property. It ensures that the buyer will not be responsible for any past title defects or encumbrances.

What is the best deed for a seller?

When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

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.

Which deed has the greatest number of warranties?

General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home even dating back to prior property owners.

What is the habendum clause in a deed?

Usually, the habendum clause states the property is transferred without restrictions. This means the new owner has absolute ownership of the property upon satisfying their conditions (usually payment in full) and has the right to sell or bequeath the property to an heir and so on.

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Hide Value Choice in the Warranty Deed