What is a warranty agreement? | personal finances

What is a warranty agreement?  |  personal finances

The warranty deed will contain details such as the property’s address, parcel number, a legal description of the property, the transaction date and the names and addresses of the parties involved. In order to be legally binding, the warranty deed needs to be notarized and filed with the city or county office for keeping real estate records. It’s delivered to the grantee at the real estate closing. A warranty deed isn’t proof that you now own the property. Rather, it means the previous owner can guarantee that no one else holds ownership or is owed money for the property. You don’t actually own the property until the title is transferred to you. Source roanoke.com

In a real estate transaction, there is a grantor and a grantee. These can be individuals or businesses. A warranty deed is a real estate document that warrants—or promises—that the grantor (seller) owns the property free and clear and there aren’t any outstanding mortgages, liens, judgments or other encumbrances against it. In other words, the seller has the authority to transfer the ownership rights to the grantee (buyer). What Is a Warranty Deed?

How Warranty Deeds Work This document might seem like just one more sheet in your stack of mortgage paperwork, but it’s an important contract that protects your home against future claims. Read on to find out what it is and how it works.

The News Highlights

  • What is a warranty agreement? | personal finances
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Here is Why organizations should focus on data security

Here is Why organizations should focus on data security

Do you expect this to increase in 2021? We absolutely expect this trend to continue in 2021. For example, in the healthcare industry, the single-day peak for ...
AMD’s usability map claims that our $400 PC cannot play games; we respectfully disagree.

AMD’s usability map claims that our $400 PC cannot play games; we respectfully disagree.

For once we’ll let it slide that you can’t buy that graphics card anywhere, simply because the whole thing is simply too ridiculous to even start with. Does ...
Another two Game Boy titles will be republished in a limited run, with pre-orders beginning this Friday.

Another two Game Boy titles will be republished in a limited run, with pre-orders beginning this Friday.

Metal Masters is a 2D beat ’em up fighting game, and was developed by Bit Managers and published by Electro Brain on the Game Boy in 1993. The alien shooter ...
PA residents eligible for savings through Pennie, the state’s health insurance market |  state

PA residents eligible for savings through Pennie, the state’s health insurance market | state

AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a ...
‘Laws of conscience’ put patients in danger and contradict the core values ​​of healthcare technology – TechCrunch

‘Laws of conscience’ put patients in danger and contradict the core values ​​of healthcare technology – TechCrunch

The Arkansas legislation is one giant slippery slope. Even beyond the direct effects that the law would have on reproductive rights and the LGBTQ community, it ...
San Diego business leaders hoping for social justice reform –  News7 San Diego

San Diego business leaders hoping for social justice reform – News7 San Diego

In a statement Jones-Wright shared in part: “We must continue to push — as we did in unprecedented numbers all across the globe this past summer — and demand ...
Sony unveils limited edition WH-1000XM4 headphones in eye-catching white

Sony unveils limited edition WH-1000XM4 headphones in eye-catching white

It’s more than just a color change. Sony says the white headphones come in a pearlescent finish that adds a “sense of depth” and refines their tactile feel. ...
While you wait for Google I/O, you can play a game of Breakout.

While you wait for Google I/O, you can play a game of Breakout.

Click to start the game and move your mouse around to get rid of the rows of colors orbs. There are some letters hidden in these orbs, and you’ll want to ...
Your move: is a disaster lurking in your video game system?

Your move: is a disaster lurking in your video game system?

Source The older PS3 has this issue as well, but it only arises with downloaded games—discs still work fine with a dead CMOS battery. And, worrying about ...
Show next
Compsmag - Latest News from tech, business and health
Logo