Deeds That Effect Us.
Monday, September 29, 2008
Whenever you want to transfer a property from one person to another then you need to use a deed to complete the transfer. A deed is generally a legal document that is used to transfer property. This contains the name of the Grantor (previous owner) and the grantee (new owner), the grantor's signature and it needs to be notarized and recorded in the County Recorder's office to make the deed valid.
There are different types of deeds like Quitclaim deed, Grant deed, Warranty deed etc etc. But Quitclaim deed is the most popular deeds among all the other deeds. It is mainly used to transfer property within the family members and friends. A quitclaim deed doesn't assures that the title is free any clear from all the liens against the property. So it is better to use a Warranty deed or at least a Grant deed when you are buying a property. A Grant deed assures you that the title belongs to the seller and he has the wrights to sell the property. But it is always better to use Warranty deed when you are buying a property as it promises that the grantor has the absolute ownership writes and title is free and clear from all the liens. If there is any lien attached to the property, the seller will have to compensate it to the buyer.
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