Bargain and Sale Deeds Flashcards
1
Q
What is a quitclaim deed?
A
The seller makes no warranties of any kind.
2
Q
What is a bargain and sale deed?
A
Includes warranty that the grantor has title to the property but does not guarantee that the property is free of claims.
3
Q
What is a bargain and sale deed with convenants?
A
A bargain and sale deed will specifically state one or more additional guarantees similar to a special warranty deed.
4
Q
When are bargain and sale deeds most often used?
A
When property is transferred after a foreclosure, tax sale, or the settlement of a deceased person’s estate.
