Wednesday, January 25, 2012

Warranty Deed

If you own property I'm sure you are familiar with a warranty deed. If you do not you might be asking what is a warranty deed?

A warranty deed is used when buying or selling real estate. They are official documents that have to be used in both real estate transactions. They are recorded documents that are kept with the land records at the county courthouse. They prove ownership of the property.

Many people get confused thinking that a quick claim deed and a warranty deed are similar. This is not true. The warranty deed states that the property being sold is free and clear of any liens and has a clear title. This is an advantage for the buyer that other deeds do not have such as a quick claim deed. So when entering a real estate transaction for your benefit go to a real estate attorney for the best advice on the documents you will need.
at 8:22 AM
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