A warranty deed is often the requirement when you are selling some of your properties. This instrument gives your prospective clients some sense of assurance on the properties that they intend to buy since a warranty deed is a proof that you legally own the property you are selling. However, in case you are stuck in a situation that you do not have with you a warranty deed. Can you still dispose these properties?rnrnFortunately, yes. You can still subject your properties for sale even without the required warranty deed. This can be substituted instead by what is called a quit claim deed. Basically, a quit claim deed is a legally binding instrument which guarantees that you can dispose your properties in accordance with existing laws and regulations. This also gives prospective clients that they are dealing with a legal seller. rnrnQuit claim deeds are often used in circumstances like acquiring a property through marriage or inheritance. This legal instrument contains the name particulars of the seller and buyer, the worth of the property as agreed by both parties, the address, and the legal annotation on the rights over the properties. This legal document should bear a notarial seal and the necessary signature, which are must requirements. Of course, affixed signatures for both the seller and buyer should be present. rnrnThe process today of dealing properties is more simplified than before. In the past, disposing properties without the required warranty deed used to entail a long period of time. Through quit claim deed, you have a better flexibility in finding a buyer of your properties at a good price. rnrnBefore selling your properties, make a point to comply with all the necessary requirements. Meanwhile, for the seller, do not fail to produce legal documents that would give you an assurance of the legitimacy of the transaction. rnrnrnrn
Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
