Easily Replace Comments to the Warranty Deed

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How to Replace Comments to the Warranty Deed

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i received the viewer question from gina based on one of my older videos the dangers of quit claim deeds gina asks lets say i buy a foreclosure from one of these auction houses and i get a quitclaim deed whats the necessary steps to change to a warranty deed im going to give you and all my viewers the answer to that one gina and thats the topic of this video [Music] hello again everyone im attorney robert flesses if you havent subscribed to my channel yet now may be the time if you subscribe youll know where to go to get answers to your legal questions so gina asks a good question shes basically asking how do i turn an apple into a banana does anyone out there know the answer bueller bueller well the answer is you cant when you purchase real estate and receive a quit claim deed from the seller the seller is only giving you the right title and interest that they had at the time of the sale you dont get anything else besides that interest so in other words you cant convert an

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What is the greatest assurance of title?

A General Warranty Deed provides the greatest assurance and protection to a Grantee (or Buyer). When a General Warranty Deed is used in the sale of a property, the Grantor (or Seller) is providing a warranty of title and conveyance of a property free and clear of any outstanding liens, debts or other encumbrances.

Does a warranty deed prove ownership Florida?

A warranty deed by itself does not prove ownership of a property and it is necessary to also have evidence of title of the property. If a deed contains an error, another party could potentially have a claim to that same property.

Which provides the grantee with the best assurance of title?

A warranty deed formalso known as a general warranty deedprovides a full warranty of title and is the most favorable to the grantee.

What is the meaning of bargain and sale deed?

A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.

What is the difference between a note and a security instrument?

Loans from banks or other institutional lenders are always made using a number of documents, two of which are a promissory and security agreement. In general, the promissory note is your written promise to repay the loan and a security agreement is used when collateral is given for the loan.

What is the difference between a grant deed and a warranty deed in California?

A warranty deed also differs from a California grant deed form in two ways. First, a warranty deed includes a blanket guarantee that the transferor has clear title. A grant deed has a more limited warranty. A grant deed only guarantees that the transferor has done nothing to cause a title defect.

Which of the following deeds provides the highest guarantee of title?

The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes docHub covenants or warranties conveyed by the grantor to the grantee.

What is the best form of deed for the grantee?

For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While its the best deed for the grantee, it gives the grantor the most liability.

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