The 3 Main Types of Real Estate Deeds EXPLAINED
Vložit
- čas přidán 7. 07. 2024
- Official Real Estate Deeds:
bit.ly/2QygYtz
Real estate deeds are hard enough to wrap your head around. But did you know that there are different kinds of deeds and different strategic uses for each?
There are three types of real estate deeds that you should review before you buy or transfer property. We’ll cover them all in detail in this video, and as an added bonus you can head to the link above to create your own official deed.
In the video, you’ll learn about:
- Explanation of deeds;
- General warranty deeds;
- Special warranty deeds;
- Quitclaim deeds;
- What you need to properly execute a deed; and
- How to add or remove someone to a deed.
Resource Article:
learn.eforms.com/real-estate/...
Free Versions:
eforms.com/deeds/
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
-----
0:00 Intro:
0:13 Three Main Types Of Real Estate Deeds:
0:21 What Is A Deed:
0:49 General Warranty Deed:
1:53 Special Warranty Deed:
2:56 Quit Claim Deed:
4:07 Let's Review:
Thank you for this video!! It was an excellent educational tool. My childhood neighborhood is going through gentrification and I needed this to help me understand how to help the older residents with their property. Also, my father died many years ago before he could sign over property to me. This information will help me on my real estate journey Thank you.
Well explained! Thanks ☺️
Can you explain land patent and allodial title? Or what a grant deed is?
1.THE GRANTOR IS THE RIGHTFUL AND HAS A LEGEL RIGHT TO TRANSFER
2.THE PROPERTY IS FREE AND CLEAR OF OUTSTANDING LIENS,
UNPAID TAXES,EASMENTS, ETC.
3.THE TITLE IS CLEAR OF DEFECTS, SUCH AS
ERRORS IN PUBLIC RECORD
4.THE GRANTOR WILL DEFEND THE TITLE TO THE REAL ESTATE
AGAINST THE CLAIMS OF ALL PERSONS
5.THE GRANTOR WILL DO WHATEVER NECESSARY TO MAKE GOOD THE GRANTEE'S OWNERSHIP😊😊🎉🎉😊🎉
What does "TRE" mean after my name on my deed?
Hello! To which form are you referring? Is it one that you obtained from our website?
1.QUITCLAIM DEEDS PROVIDE NO WARRANTIES THAT THE
PROPERTY IS FREE FROM LIENS OR OTHER CLAIMS AGAINST THE PROPERTY
2.DO NOT CERTIFY THAT THE PROPERTY IS FREE OF ENCUMBRANCES
3.DO NOT GUARANTEE THAT THE GRANTEE LEGALLY OWNS THE PROPERTY
4.NO GUARANTEES MADE THAT THE GRANTEE HAS THE LEGAL ABILITY TO TRANSER TITLE😊😊🎉🎉
1.THE GRANTEE HAS LEGEL RIGHT TO TRANSFER OWNERSHIP
2.THE PROPERTY HAD NO ENCUMBRANCES DURING THE
GRANTOR'S PERIOD OF OWNERSHIP
3.THERE WERE NO OUTSTANDING CLAIMS OR LIENS
WHEN THE GRANTEE HELD TITLE TO GRANT TO TITLE TO LIEN😊😊🎉🎉