Posted on: 02nd Apr, 2007 05:10 pm
is there any difference between warranty deed and a quit claim deed?
When a warranty deed is used property seller warrants that property title is clear of any liens or title defects. While a quit claim deed does not guarantee that grantor holds clear title to the property.
"is there any difference between warranty deed and a quit claim deed?"
A quit claim deed is used in situation when suppose there is a mortgage, in such situation the grantor will not be providing a clear title to grantee. Use of a warranty deed is not possible in such situation.
A quit claim deed is used in situation when suppose there is a mortgage, in such situation the grantor will not be providing a clear title to grantee. Use of a warranty deed is not possible in such situation.
Hi Harper,
Welcome to Mortgagefit forum.
You can go through the following pages to know more about these two types of property transfer deeds.
After going through these two pages you will be able to clearly understand their differences and when use of each of them is suitable.
Warranty deeds - http://www.mortgagefit.com/warranty-deed.html
Quit claim deeds - http://www.mortgagefit.com/quitclaim-deed.html
Colin
Welcome to Mortgagefit forum.
You can go through the following pages to know more about these two types of property transfer deeds.
After going through these two pages you will be able to clearly understand their differences and when use of each of them is suitable.
Warranty deeds - http://www.mortgagefit.com/warranty-deed.html
Quit claim deeds - http://www.mortgagefit.com/quitclaim-deed.html
Colin