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A general warranty deed is the most common type of warranty deed in the United States. 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.
What is a warranty deed?
by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.
What is a special warranty deed in Arkansas?
An Arkansas special warranty deed is a type of deed that warrants that the seller has not conveyed his or her interest in the property to another but does not warrant that he or she holds clear title to the property.
What is a warranty deed in Mississippi?
A Mississippi general warranty deed is used to transfer real estate in Mississippi and guarantee that the property is free from hidden claims against the title and that the grantor has the legal authority to sell the property.
What is the difference between a warranty deed and a mortgage?
According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.
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People also ask
Which is more important title or deed?
Which is more important: title or deed? Both the title and the deed are of equal importance because they both have a purpose in the home selling process. For instance, a title search can note only confirm who owns the property, but also lists any liens, loans, or property taxes due.
Who benefits the most from a warranty deed?
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
Is there another name for 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).
What is a quit claim deed in Iowa?
An Iowa quit claim deed is a form that allows a person to legally sell his or her real estate to another party. Unlike a warranty deed, this form of transfer provides no guarantee or warranty as to the title. The buyer is technically only buying whatever interest the seller may or may not have in the property.
How do I find out who owns a property in Iowa?
Current ownership records are maintained by the County Auditors Office and can be viewed online. You will need to know the address for the property, its Geo-Parcel Number (GPN), or its legal description. You may also call the Auditors Office at 319-892-5300. Ownership records are a matter of public information.
Iowa Court Affirms Reformation of Inaccurate Warranty Deed
May 12, 2021 On May 12, 2021, the Iowa Court of Appeals ruled that a warranty deed was inaccurate due to a docHubners error and should be reformed to
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