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How to Save Warranty Deed

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what is a deed when studying for the real estate exam we learned that a deed represents evidence of the transfer it is a legal document that transfers property ownership rights in real estate in its most basic form a d contains the signature of the person transferring the real estate the date of the transaction the names of the party involved and a description of the property being transferred there are a few different types of deeds for different situations but today we are going to focus on the general warranty deed and the special warranty deed lets begin with a question what is a warranty deed a warranty deed gives the grantee a warranty or guarantee that the grantor does actually have legal title to the property the seller who is the grantor is promising the buyer that yes i do own this property and i have the right to sell it to you note that recording is not a requirement for a warranty deed but if recording is going to be done the document must be acknowledged warranty deeds

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Which deed form gives the most guarantee and security to the grantee?

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

Which of the following deeds is most preferential from the point of view of the grantor?

A grantor would ideally prefer to give a quitclaim deed because it frees them of liability for any title problems. On the other hand, the grantee is best protected by a general warranty deed.

Which type of deed creates the least liability for the seller?

Explanation: Since there are no warranties in a quitclaim deed, signing it creates no liability for the grantor.

Who benefits the most from recording a warranty deed?

Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed.

What is another name for a warranty deed?

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee).

Which deed provides the least protection?

A quitclaim deed offers purchasers the least amount of protection because it does not provide guarantees that the seller is the rightful owner and has the authority to transfer. Rather, the quitclaim deed evidences the grantors relinquishing right to the title.

Which deed offers the greatest protection?

A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.

What is a warranty deed in NC?

A North Carolina general warranty deed is used to legally transfer property in North Carolina from one person to another. A warranty deed comes with a guarantee from the seller that the property has clear title.

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