Re: OT - Question re: Warranty Deed, etc.

Posted by jdemaris on January 29, 2009 at 17:38:13 from (67.142.130.32):

In Reply to: OT - Question re: Warranty Deed, etc. posted by IHC Red on January 29, 2009 at 16:55:54:

You get whatever you agreed to during the transaction. Not everybody gives a warranty deed unless that is what the original purchase contract calls for. In other words, if you offered to buy with the understanding that the seller furnish a warranty deed - then they have to furnish it. You are supposed to get whatever you offered to, and agreed to buy.

It all comes down to the wording of your offer and aggreement to purchase.

Warranty deeds cost extra money. In essence, it is a insured deed and insurance is not free. Many town and city governments prefer to sell by Quit Claim deeds instead.

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