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A warranty deed is a legal document used in real estate transactions where the grantor (seller) guarantees clear title to the property being sold. It assures the grantee (buyer) that the property is free from any liens, encumbrances, or claims, except those explicitly stated in the deed.
What is the most important clause in a warranty deed?
The Warranty of Title clause ensures that the seller guarantees they have the legal right to transfer ownership of the goods being sold and that the title is free from any encumbrances, liens, or other claims. This clause protects the buyer from any third-party claims on the title that may arise after the purchase.
What is the purpose of a warranty deed?
You can sell as a warranty deed but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if theres a title company/title insurance being purchased.
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CONVEYANCE DEED means a special warranty deed in the form of Exhibit B to this Contract and as may be modified under Section 8 of this Contract. EARNEST MONEY
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