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The appraisal provides no guarantee that the property is free of defects. Lenders insist on an appraisal to see how much they could recover by selling your
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Real Estate Sales Agreement - SEC.gov
(f) A limited warranty bill of sale in a form reasonably acceptable to Seller and Buyer (the Bill of Sale). By executing and delivering the Bill of Sale,
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Foundations of Law - Contracts for the Sale of Real Property
Implied Warranty: A promise that is inherently made from the seller of property to the buyer of property that is effective even if not spelled out in the
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