Keyword Analysis & Research: warranty deed vs quit claim deed mi

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Frequently Asked Questions

What happens if you have a warranty deed instead of a quitclaim?

Only whatever part of the land the grantor owns, if any, will transfer to the grantee. A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee.

What is a warranty deed on a house?

A Warranty Deed provides a number of guarantees from the seller to the buyer. It includes a full description of the property and asserts that the seller owns and can transfer full and clear title of the property. It also certifies that the property is free of any easements, liens, or other encumbrances on ownership.

Can a grantor sign a quitclaim deed on a house?

Grantors, or sellers, produce and sign warranty deeds during real-estate closings. Warranty deeds include full property descriptions and pledges that the grantor owns clear title to the property. The quitclaim deed is typically not part of traditional property sales.

Are quitclaim deeds legal in Texas?

Many Texas attorneys will tell their clients not to use quitclaim deeds, and most Texas title insurance companies don't like them if a prior owner used one at some point in time. Some attorneys refer to quitclaim deeds as hardly a deed, or useless, and say there are better ways to convey, or transfer, property.

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