All About Deeds and What They Guarantee!
Facts about deeds can be pretty dry, but it is important to understand the different kinds of deeds and what they cover. As the best title agency at the Lake of the Ozarks , Arrowhead Title is experienced in real estate transactions and we have the expertise to help guide you through the ins and outs of deeds. Read on to learn more! General Warranty Deeds These provide the most coverage and protection to the grantee (the one receiving the deed). The seller/grantor is held to certain standards by the general warranty deed and can be sued if there is a violation. One of the things covered in this kind of deed is called "warranty of title". Basically, this allows the grantee to sue the grantor if the title to the property ends up being defective. Another thing covered by a general warranty deed is the "warranty against encumbrances". It guarantees that the encumbrances (mortgages, liens, easements) listed in the deed are the only ones. If more are discover...