Void card in the Warranty Deed

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How to Void card in the Warranty Deed

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Hi Lee Phillips here. I want to talk for just a minute about a concept called warranty deeds. Basically you have two types of deeds you have quit claim deeds and you have warranty deeds and we've got another YouTube on quit claim deeds you quit claiming your interest in the property whatever that is you might not even have an interest but you can make out a quit claim deed. On the other hand a warranty deed says that you're gonna make certain promises or the seller is going to make certain promises to the buyer the seller is what we call the grantor the buyer is what we call the grantee. So you're gonna make--if you're the seller you're gonna make certain promises to the buyer. You're going to promise to the buyer or guarantee or warrant to the buyer that you have the actual title to the property it's seasoned in you you have both a equitable title and the legal title you promise or you warrant that you have the right to transfer that or to convey that to the buyer and then you're als...

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What essential element of a deed can be stated in terms known as valuable or good?

Consideration can be expressed in valuable (monetary) terms or good (love or friendship).

Which deed provides the best protection to the buyer?

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. This quality of coverage is why most lenders will require you to get a general warranty deed when buying your house.

What is the best type of deed to get?

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

What type of deed is most commonly used?

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.

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

The general warranty deed gives the most guarantee and security to the grantee.

Which is not an essential part of a deed?

The answer is c. The grantors signature, not the grantees signature, is necessary. Its not a requirement for the grantee to sign since theyre the property recipients.

What are the essential component parts of a deed?

Deed title. Place date of execution. Description of parties. Recitals. Testatum. Consideration. Receipt clause. Operative clause.

What are the three deeds?

What are the Three Most Common Types of Deeds? General Warranty Deed. Special Warranty Deed. Quitclaim Deed.

What type of deed contains the strongest guarantee of title?

A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.

Which essential element of a deed refers to the actual signing of the deed?

Parts of a deed. 1- Premises: describes the facts of the transaction. 2- Habendum: to have and to hold. 3- Execution: signing of the deed.

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