Home |  Contact Us |  Bookmark This Page
Listings Available Today      

 Welcome to the PortlandMlsDirect.com Blog

2010-08-31 13:48:33
Monthly Title Tip

“DID YOU KNOW?”


Did you know that a Deed is a document or instrument that transfers title to real property and title is the right of ownership a person has in real property?

 

TYPES OF DEEDS

 

WARRANTY DEED – This type of deed is the most commonly used form in real estate closings. Buyers prefer to receive this form of deed because it provides the most protection and assurance to the grantee of any other deeds. The Warranty Deed has the effect of transferring all the interest of the grantor in the property on the date of the transfer as well as any after acquired title.

 

The Warranty Deed includes several covenants or promises as follows:

Grantor promises that he/she is “seized of” the property and has the right to convey ownership.

Grantor promises that there is no one with superior claim of title who will challenge the grantee.

Grantor promises that there are no undisclosed encumbrances against the property being conveyed.

Grantor promises to cooperate with any further documentation to convey title, if necessary.

The covenants are not limited in time.

 

BARGAIN AND SALE DEED – This deed transfers the entire interest of the grantor and prevents the grantor’s heirs, successors and assigns from asserting any interest in the property, but does not provide any covenants of title – the grantor makes no promise that he is “seized of” the property.

 

QUIT CLAIM DEED – This deed releases and conveys all right, title or interest the grantor may have in the property on the date of the deed. It will not convey after acquired title and makes no covenants whatsoever. This deed is the weakest of the deeds and offers the least protection for the grantee. While it will sometimes transfer title, this form of deed is most often used to clear a “cloud” or uncertainty from the title.

 
Blog Archive
2017-05-26 12:13:50
Do You Know The Cost of Waiting?

2016-01-04 18:05:08
Zillow 2016 Predictions for Housing & Real Estate

2015-05-26 16:41:37
Buying vs. Renting

2014-05-23 23:17:04
New Listing in Victoria Woods

2014-05-23 22:52:10
Willamette Riverfront Home

2014-05-02 10:28:19
Sell and Save with Realty NET

2014-04-29 10:17:23
No Registration Required

2014-04-14 19:02:30
A+ Better Business Bureau

2014-03-06 22:59:18
Preferred Lender

2014-02-03 19:21:40
Portland Real Estate Tools

2014-01-25 01:23:44
New Listing - NE Portland

2014-01-09 13:23:58
History of Mortgage Rates

2014-01-08 23:25:17
No Registration Required

2013-12-26 11:34:06
Travel Portland Video

2013-12-03 11:03:13
Ranked #2 Listing Agent in 2013

2013-11-09 10:51:03
New Ashland Oregon Listing

2013-06-09 22:28:43
What's Your Home Worth?

2013-04-14 14:45:05
Get Moved For Free!

2012-10-23 13:26:12
A+ Better Business Bureau Rating

2012-10-13 11:00:37
Lake Oswego High End Foreclosure

2012-08-11 15:18:19
$595k West Linn home Sale Pending in 44 days!

2012-08-11 14:11:08
Sale Pending - Full price offer in 2 days!

2012-07-23 14:15:13
PORTLAND REAL ESTATE MARKET: Indicators Positive

2012-06-27 12:24:18
Advertise Your Open House on RMLS and Realtor.com

2012-06-27 11:15:02
Custom Realty Net Sign

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.