When a property is transferred from one individual to another, it is done with a legal document called a deed. This type of deed, the warranty deed, is a process of transfer that requires that the current ownership (Grantor) has their rights to a property researched and proven by a title company, prior to being transferred to a buyer (grantee) using the Warranty Deed. The grantor is establishiing they own the property and they can legally transfer after clearing any liens, or encumbrances at or before the time of sale. Unlike the quit claim deed, the Seller is providing a warranty to the buyer that they are the owner, and that they have a 'marketable title' with no defects or liens.
Warranty Deeds state the grantor, the grantee, the properties legal description and describe how the property is being tranferred. They are signed by the grantor, notarized by a notary public, then recorded in the counties Recorder of Deeds office as a public record of the owernship transfer.
Gorgeous lot - private, mature trees. Beautiful stately brick elevation. Enjoy this "hard to find 3 Car ~ Atrium Ranch with 3 bedrms on the main level plus a home office....
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Premier Realty Exclusive has provided the above Real Estate Encyclopedia for informational purposes only. Any legal matters discussed are provided with the understanding that any legal questions or problems experienced need to be brought to the attention of a real estate attorney. The best way to learn about real estate is the interaction a prospective real estate customer can have with expert Realtors. In addition to the experience and knowledge of the Realtor,plus the interaction and questions that come up, Realtors at Premier Realty Exclusive offer information on specialists in lending, appraisals, inspections, surveying and insurance agents. All professionals are provided as a service are screebed and have a proven record of experience throughout real estate transactions.