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Quitclaim Quit Claim Form Free Printable Indiana Texas Sample Bexar Deed Florida Michigan Lake County

Quitclaim Quit Claim Form Free Printable Indiana Texas Sample Bexar

Regardless of the type of property deed, it becomes part of the public records, and property records remain attached to the real estate as a historical document showing who has owned it over time. Any time you transfer title, a new property deed must be officially recorded.

A security deed replaces a mortgage and is used when the owner borrows against the property and the lender requires an interest in the property. The owner keeps using the property but the lender has title to it until the loan is repaid.

Another type of deed is the general warranty deed, which is similar to a grant deed. There is one major difference and that is, warranty deeds have a third guarantee. The third guarantee is that the title is free of any defects, even if a previous owner caused the defect. Depending on state law, a phrase such as "conveys and warrants" is included. These are considered operative words of conveyance.

A release deed or a deed of reconveyance is held by a trustee under a deed of trust loan and when the loan is repaid, it releases (or conveys) the deed back to the grantor.

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