Easily Replace Selected Option into the Warranty Deed

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How to Replace Selected Option into the Warranty Deed

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In this week's tax tip segment, Casey Nemo from TaxOLAcademy.com addresses common questions about the use of warranty deeds versus quit claim deeds. He highlights that while new investors often prefer warranty deeds because they can facilitate selling properties at higher prices, using them without proper consideration can lead to significant issues. Nemo emphasizes that a warranty deed is not just a simple piece of paper; it carries responsibilities and potential legal implications. He clarifies that his insights are based on personal experience and are not legal advice, urging viewers to be cautious with their choices regarding property ownership transfer.

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Which type of deed is sometimes called a general warranty deed?

A warranty deed (sometimes called a general warranty deed) is a form of deed that provides a full guarantee of title to real estate. This guarantee covers acts taken by all previous owners in the chain of title.

Is a grant deed the same as a warranty 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 is another name for a warranty deed?

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

Why is it called a warranty deed?

The Warranty Deed is the most common way of transferring title because it carries assurances guaranteed by the seller warranties. Homebuyers want these types of promises and lenders often require a Warranty Deed in order to qualify for financing.

What are the requirements for a warranty deed in Florida?

Warranty Deed Rules and Requirements The name and address of the current owner (also called the grantor) The name and address of the new owner (also called the grantee) Original signature of the grantor (note: the grantee does not need to sign the deed) Two witness signatures.

What are other names for warranty deed?

A grant deed, also known as a special warranty deed, is a legal document used to transfer ownership of real property. A special warranty deed only warrants against problems in the property title that occurred during ownership of the property.

What is a North Carolina special warranty deed?

A North Carolina special warranty deed is used to convey property from a grantor (seller) to a grantee (buyer) with a limited guarantee that there are no liens or encumbrances on the title during the grantors ownership. Although, the deed does not guarantee clean title from past owners.

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.

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Replace Selected Option into the Warranty Deed