Ask Experts Questions for FREE Help !
Ask
    pectic's Avatar
    pectic Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Apr 23, 2007, 03:10 AM
    Warranty deeds
    What is a warranty deed and in buying property that has such a deed what does the buyer have to do to protect them self and have it legal
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #2

    Apr 23, 2007, 05:37 AM
    With a warranty deed the seller is transferring ownership to the property and is also promising that they have good, clear title.

    The best way for the buyer to be protected is to have a title search performed before the transfer is completed and purchase a policy of title insurance.

    A great site that explains the different types of deeds is Information About Deeds
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Warranty deeds [ 2 Answers ]

An original warranty deed for property has a restrictive covenant in it which reads: " It is agreed between the parties hereto that the above property shall not be used for any commerical purposes whatsoever and is limited to residential use only by the parties of the second part, their heirs or...

Warranty expense/ warranty liability [ 1 Answers ]

I am really confused with the following problem and do not know where to even start. C Company began operating near the beginning of 2004. During 2004, C Co. sold plasma televisions for $2,000 each, all carrying a two-year warranty against defects. C company's cost for each plasma television was...

Warranty deeds [ 3 Answers ]

If I were to transfer my real estate with mortgages on them into separate LLC's and later get a default judgement or lawsuit against me. Can the person that has the default judgement against me lien the property in the LLC or cause me to have to sell the property now in the LLC? Thanks Jeff in...

Warranty deeds [ 1 Answers ]

My niece wants to buy a double-wide and put it on our property. She says she needs to provice her lender a warranty deed so that they will know they can come on the property if it becomes necessard to re-po the double-wide. Is this on the up-and-up?

Deeds [ 1 Answers ]

My warranty deed(for my home) has my name and my wife's name along with address of property, but does not tell us if it is by joint tenant, tenants in common, or tenacy by the entirety. What kind of ownership do we have?

View more questions Search