Facts About A Warranty Deed & Quitclaim Deed

BEWARE OF SELLERS THAT ARE TRANSFERRING THEIR PROPERTY USING A QUITCLAIM DEED PLEASE READ BELOW

A warranty deed is the best deed that a buyer can receive and our buyer will receive a warranty deed from us along with title insurance. Please read below so you may understand the difference between a warranty deed & quitclaim deed.

A warranty deed is used in most sales of property. The warranty deed says that the seller has the right to transfer the title and that the seller owns the property and there are no liens (debts, etc) against the property that will be transferred over. It is stating that the property is legally owned and there are no hidden tie-ins the buyer should be aware of Furthermore, if another person were to try to claim the property down the line, the warranty deed would legally protect the new buyer. The warranty deed is used in the majority of property sales.

A quitclaim deed is a deed that says, 'I'm not warranting what I own, but I'm transferring what I do own to you, So it's a much lesser level of protection. With a quitclaim, the buyer has no legal recourse if problems with the title turn up, or if a forgotten lien holder emerges from the woodwork. There isn't a title policy. That's why it's riskier. Quit claim deeds are presented to these buyers instead by a person who does not necessarily legally own the property, but instead holds responsibility for that property. Quit claim deeds, unlike warranty deeds, do not offer a great deal of protection to the buyers of the property. In truth, they should be avoided unless you know exactly what you are doing and have experience in buying and selling property.

Understanding the difference between these deeds will help you be better prepared to know what sort of legal protection and ownership rights you will be ensured depending on the sort of deed signed. In the case of the warranty deed vs quit claim deed, the warranty deed is definitely the way to go.

Comment

You need to be a member of United Truth Seekers to add comments!

Join United Truth Seekers

Comment by Kerry Hay on February 6, 2015 at 8:35pm: In Queensland Australia our State Government is registered in the United States as a Corporation called the Brigalow Corporation and no homeowner owns his or her land anymore, because all our land has been mortgaged with the Rothschild Bank. No ownership of ones property comes with a Title Deed, instead all rights and interest belong to the Crown by Deed of Grant (Fee Simple) use to mean absolute ownership, not anymore. Why are we paying council rates on something we don't own? See below ....

http://www.kerryhay.spiderweb.com.au

RSS

Welcome to
United Truth Seekers

Sign Up
or Sign In

Or sign in with:

Rocks2Rings

Help Pay The Rent. "United Truth Seekers" Is an informative Social Network exposing the truth that the mainstream media ignores. The truth will set you free!

This website is brought to you exclusively by member donations. Click Above, Thank you.

About

Pam Vredenburg created this Ning Network.

Eastern Standard Time

We’re “mining” cryptocurrency with our phones! I’m looking for people who want to join me and my friends and figured this would be a good way to get the word out. 🚀 I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/PAMUTS and use my username PAMUTS as your invitation code.

Download this and you will get cryptocurrency mining on your phone, and remember every 24 hours to open the app and touch the Pi button that way it automatically starts mining for you, you basically have to do nothing after that just let it Stay in the background mining cryptocurrency for you until one day it’s worth money for enough to cash it out!

~~~~~~~~~~~~~~~~~~

DEMAND THE TRUTH!

 "It was the poverty caused by the bad influence of the  English Bankers on the Parliament which has caused in the colonies hatred of the English and...the Revolutionary War."
– Benjamin Franklin 

"Guard with jealous attention the public liberty. Suspect every one who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are ruined."

Patrick Henry
June 26, 1788

Badges | Report an Issue | Terms of Service