Posted on: 19th Jun, 2012 08:47 pm
i purchase a property in Tx with a deed without warranty but the title was insured by a very renowned title co. Should I be concerned?
Welcome tony,
The deed should be correct when you purchase a property. You should contact a real estate attorney who will look into the matter and let you know whether or not everything is fine.
The deed should be correct when you purchase a property. You should contact a real estate attorney who will look into the matter and let you know whether or not everything is fine.
Hi tony!
Welcome to forums!
To know all about warranty deed, check out the given page:
http://www.mortgagefit.com/warranty-deed.html
Sussane
Welcome to forums!
To know all about warranty deed, check out the given page:
http://www.mortgagefit.com/warranty-deed.html
Sussane
As a practical matter I can't remember seeing anyone try to collect under a warranty deed, general or limited. Claims always go against the title policy. From a "fairness" view point, why should the seller who gives a general warranty deed be raked over the coals for something that occured during ownership by owner two or three back in the chain of title. Moral is "never sign anything beyond a limited warranty deed.
As a practical matter I can't remember seeing anyone try to collect under a warranty deed, general or limited. Claims always go against the title policy. From a "fairness" view point, why should the seller who gives a general warranty deed be raked over the coals for something that occured during ownership by owner two or three back in the chain of title. Moral is "never sign anything beyond a limited warranty deed.
Thanks John, for sharing your opinion!! :)
Non-warranty deeds are typical in Texas. Your title policy will cover any problems the warranty deed would have covered.
