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crysrclark, Other/Just Looking in Detroit, MI

What does a warranty deed look like?

Asked by crysrclark, Detroit, MI Thu Dec 27, 2012

This question was asked from http://www.trulia.com/homes/Michigan/Detroit/sold/43805-1188…

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7
Letitia Patterson’s answer
Good question.

Click the link below.

It's important to know what one looks like to avoid getting something other than a warranty deed. However, ALWAYS have a title company review the deed. It costs very little and it's an extra layer of protection for you as the buyer.

Need a good title company? We work with the best.

Contact us anytime for help:

Letitia N. Patterson
(la-tee-sha)

Office: 248-905-1531
Cell: 248 506-9426
Email: myrealestateteam1@gmail.com
1 vote Thank Flag Link Thu Dec 27, 2012
Pay attention to the verbiage in the deed NOT what it looks like. While there is criteria set by the county that records the deed anyone can draw up a deed. If you review warranty deeds (Or any other form of deed) from different title agencies there can be a big difference in the visual appearance of the exact same type of deed. The important thing is what the deed conveys.

ALWAYS use a reputable title agency to insure the deed. It is cheap and they will do all of the legwork for you. If a title issue arises they will either defend the title or satisfy any legitimate claims. One thing to remember that most inexperienced buyers get confused about is title insurance works opposite most other insurance. A title policy insures from the date it was issued backwards against claims.
0 votes Thank Flag Link Sat Jan 5, 2013
Well, a deed is nothing like a contract, Russel.

A deed is an instrument that transfers an interest of real property. A contract represents a promise to do something in the future.
0 votes Thank Flag Link Sun Dec 30, 2012
A general warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer). The guarantee is not limited to the time the grantor owned the property—it extends back to the property's origins. A General Warranty Deed includes six traditional forms of Covenants for Title. Those six traditional forms of covenants can be broken down into two categories: present covenants and future covenants.

or in simple words A deed is a document that states a person has an interest or investment in an asset. A deed is like a contract and they are usually used in purchases of a homestead.
hope my information help you thanks!!!

BY:
http://www.dailypennyreporter.com
0 votes Thank Flag Link Sun Dec 30, 2012
Letita did a great job sending you the link to visually see what one looks like. When you've never seen one it helps to read through it to get a better idea. You should do this with all the documents before you purchase so you have an understanding of the process.

Good luck
0 votes Thank Flag Link Fri Dec 28, 2012
And it is typically the most protective sort of deed for a buyer and the most risky, liability-ridden sort of deed for a seller. Get some good advice on how to go, be it from a real estate attorney (good, but expensive choice), or from a knowledgeable friend/associate that is familiar with the subject (more risky, but cheaper!!). Best of luck...Jim
0 votes Thank Flag Link Thu Dec 27, 2012
It says that the Grantor "conveys and warrants" to the Grantee.
0 votes Thank Flag Link Thu Dec 27, 2012
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