![]() ![]() Warranty deeds are always filed with the county after they are executed.Ī quitclaim deed transfers title but makes no promises at all about the owner’s title. Title insurance is usually purchased as part of the sale to protect the new owner if there is a problem. When a warranty deed is executed, a title search (a check of past deeds and liens for the property) is conducted to verify the seller has good title. ![]() This type of deed promises that there are no liens on the property such as a mortgage, tax lien, or creditor’s liens. It includes protections for the buyer, such as compensation if there is anyone else who holds superior title to the property. A warranty real estate deed transfer is the most common type of deed used when properly is sold to a third party in a typical real estate transaction.Ī warranty deed promises that the person transferring the property has good title to it and the right to sell it. There are several ways to transfer real estate title. A quitclaim deed is a document that is used to transfer ownership of real estate from one party to another. Quitclaim deeds are also sometimes called quit claim deeds or quick claim deeds because they are a fast way to accomplish real estate transfers.
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