A property deed is a physical, legal document that conveys ownership of the property to the holder of the deed. Your Baltimore title company can help you prepare and transfer your property deed for a real estate transaction whether you are the buyer or seller. There are several types of property deeds, which we’ll cover in this blog.
The grant deed “states that the property has not been sold by the seller to anyone else and that the property is not burdened by any undisclosed encumbrances (e.g., a mortgage or lien). The word grant comes from the idea that this deed grants transfer of the title from the owner to the buyer.
The warranty deed is similar to the grant deed, but also includes a clause stating that the owner essentially guarantees there are, nor have there ever been in the history of the property’s ownership, no encumbrances on the title. The owner will compensate the buyer if title issues do arise.
The quitclaim deed says that the seller of the property quits the claim they have to ownership of the property. It doesn’t not transfer their rights to the property to the buyer, so much as it gives up those of the owner. Quitclaim deeds are used more often when properties are transferred among family members or corporations.
American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.
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As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to email@example.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.