General Warranty versus Limited Warranty: What’s the difference between these two types of deeds? Both a general warranty deed and limited warranty deed make a specific promise about giving clear title to the property. Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general…
Many people think that a warranty deed and a quitclaim deed are interchangeable legal documents, but they are not. You can read all about the basics of a real estate deed HERE. To begin to understand the difference between a warranty deed and a quitclaim deed, remember first the difference between the grantor and the…
Deeds are used to record and publish interests in land. Real estate deeds convey property interests and are specific as to date, parties, and land described. A real estate deed is full of arcane legal jargon including words like seisin, indenture, warrant, etc. But, you can break a deed down into four simple parts: First…
Legal descriptions are paragraphs in deeds that identify the exact land conveyed. Most of them begin like this: All that tract or parcel of land lying and being in Land Lot 143 of the 17th District and 2nd Section of Cobb County, Georgia and being more particularly described as … A legal description describes where…
Advice for Realtors You’re a realtor for a divorcing client and you’ve just signed a Listing Agreement for a great home in a neighborhood that sells itself. You’ve sold here before, and you know that houses here will go under contract within days of listing. Like magic, you list the property and an eager qualified…
Getting a divorce is expensive. It has a profound financial impact on your life; instead of one house payment, your family now has two. If you and your spouse don’t agree on how to divide the marital property, then you’re looking at a contested divorce. In a contested divorce, it’s critical to prepare your case for…
Suppose your neighbor builds a privacy fence just about a foot over your property line. You don’t really mind because it’s less for you to mow, and it’s not worth having a disagreement with a good neighbor. You decide not to say anything. You have now started the process of giving away your private property….