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How to slide type in the Warranty Deed

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[Music] hi there this is tucker and anthony with land title bringing you a title talk today were going to be talking about the difference between a general warranty deed and a special warranty deed anthony you want to leave us off absolutely so a general warranty deed is the most encompassing deed type where basically as the seller youre warranting everything all the way back to patent and patent just means the first time in recorded history that somebody had owned that piece of land so that can be interesting and because of some recent changes there has been a lot of conversation between this so what was the special warranty so a special warranty youre only warranting title as the seller for the amount of time you own the property and the reason why thats such a big difference is because a journal like you mentioned is to the beginning of when the ownership started from the us government while as a specialist just while you own the property thats why weve been seeing this come u

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What is the most common type of warranty deed?

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.

What is the warranty of ownership?

The warranty of ownership assures the buyer that: The property is free of all rights except those declared by the seller. The seller has discharged the property of all hypothecs, except for those assumed by the buyer. The property is not subject to any encroachment on the part of the seller or a third person.

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 are the pros and cons of a warranty deed?

Warranty deed pros and cons BenefitsDrawbacks Guarantees that the owner has a legal right to sell the property. Can be costly from around $100 to several thousand dollars depending on the transaction.2 more rows Aug 31, 2023

What is the meaning of a warranty deed?

A warranty deed is a real estate document that warrantsor promisesthat the grantor (seller) owns the property free and clear and there arent any outstanding mortgages, liens, judgments or other encumbrances against it.

Which of the following is an example of involuntary alienation?

From the options provided, the example of involuntary alienation would be B Foreclosure. Foreclosure happens when a property owner fails to fulfill their mortgage obligations, leading the lender (usually a bank) to repossess the property and sell it in order to pay back the debt.

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