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What is a warranty deed on property?
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
Who prepares deed sale?
the seller
Who prepares the Deed of Sale? The deed of sale is drafted by the seller and it includes the details of the transaction. The document should then be notarized by a lawyer, otherwise, it will have no power when presented to authorities or court.
How do I make a sale deed?
Sale Deed Procedure
- A legal expert or an advocate drafts the Sale Deed.
- The buyer purchases the stamp paper in relation to the property value.
- Registration date is agreed upon by all parties.
- The registration fee is paid.
- The buyer, seller, and 2 witnesses arrive at the sub registrar’s office to register.
Where can I get a copy of my warranty deed?
How to Obtain a Copy of a Warranty Deed. Warranty deeds are on file with county recorder’s office in the county where the property resides. To get a copy of a warranty deed, go to the county recorder’s office and request a copy.
How does a warranty deed of trust work?
A Warranty Deed simply guarantees that the title of a property is free from any interests held by others at the time of the property sale. A Deed of Trust ensures neutrality between a borrower and lender by adding a neutral third party to the transaction, called a trustee (usually a separate legal entity like a title company).
Do you have to notarize a warranty deed?
Since land and property are valuable, deeds must always be notarized. And be sure to leave space at the top of your Warranty Deed for the County Recorder’s office to put their seal on the document. See that all property taxes have also been paid in full before filing the deed.
Where do you go to get a deed for a property?
A deed is a legal document showing who has title to a piece of real estate. Deeds are recorded by county recorders or register’s offices in the county where the property is located.