Quit Claim Deed – These deeds are quicker to complete as it involves less details, but it offers no protection for the grantee with regard to the quality of the title and assurances of ownership. Permitted in Florida, Michigan, Texas, Vermont, and West Virginia. Lady Bird Deed – Used for conveying property after one passes away. Guarantees that 1) the property has not been sold to any third party 2) the grantor is the true and rightful owner, and 3) the title is free of any defects and encumbrances. General Warranty Deed – Provides the most security to the grantee out of all of the deed types. With this contract, the trustee holds on to the title of the property until the borrower has paid the loan back.ĭownload: PDF, Word (.docx), OpenDocument ![]() By Stateĭeed of Trust – An alternative to a mortgage, a deed of trust is an agreement formed between a home buyer, a financial institution, and a neutral trustee. Once completed, the deed must be recorded with the local county recorder. ![]() A deed is a form used for transferring ownership of a property from a seller (grantor) to a buyer (grantee).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |