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What are the covenants of a fiduciary deed in Ohio?

A fiduciary deed is a statutory form (R.C. 5302.09) containing fiduciary covenants that the grantor is the duly appointed, qualified, and acting fiduciary, and that he or she is authorized to make the sale and conveyance of the within described real property.

Is warranty deed the same as bargain and sale deed NY?

Bargain and Sale Deed with Covenant also called a Limited Warranty Deed; it offers the second most protection to the grantee. The grantor promises he or she has title to the property and has done nothing to encumber the property while he or she owned it.

What is a bargain and sale deed with covenants in New Jersey?

A bargain and sale deed with covenant against grantors acts provides the grantee with a covenant that the grantor has not committed any act that would encumber title to the real property being conveyed. This is the most common type of deed used in New Jersey.

Which deed provides the least protection?

The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the propertyif any. No warranties or promises regarding the quality of the title are made.

What is a fiduciary deed in PA?

A fiduciary deed is for use by a fiduciary such as an executor or administrator of an estate or a trustee of a trust. In this type of deed there is a warranty, but only as a fiduciary. A fiduciary does not own the property, rather they essentially manage it for another.

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What is the meaning of bargain and sale deed?

A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.

What is a New York bargain and sale deed?

Bargain and Sale Deed This deed is typically used in downstate New York counties in the context of an arms-length sale when the grantor is selling to a third-party grantee and that grantee is providing consideration. A bargain and sale deed can be with or without covenants against grantors acts.

What is a fiduciary deed in Florida?

A fiduciary deed is a legal document that transfers ownership of real estate from one party to another when the original owner cannot sign the deed due to legal or other reasons. It is signed by a fiduciary, such as an executor or trustee, who has the legal authority to sign on behalf of the original owner.

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