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  2. Quitclaim - Wikipedia

    en.wikipedia.org/wiki/Quitclaim

    Missouri State quitclaim deed, 1871. In most arms-length real property transactions, such as a house sale, it is normal for the seller or grantor to warrant that they actually own the property or the interest in it that they are purporting to transfer.

  3. Recording (real estate) - Wikipedia

    en.wikipedia.org/wiki/Recording_(real_estate)

    Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...

  4. Grant deed - Wikipedia

    en.wikipedia.org/wiki/Grant_deed

    This assures grantee there are no legal claims to the property by third parties, and no taxes are owed on the property that would restrict its sale. Some jurisdictions use the warranty deed to transfer real property instead of the grant deed. The warranty deed adds the additional guarantee that the grantor will defend the title against any ...

  5. Deed of reconveyance: What it is and how it works - AOL

    www.aol.com/finance/deed-reconveyance-works...

    Over the time you repaid your mortgage, you legally owned the property, but the lender held the mortgage lien, or claim, to it. Now that you’ve paid back the loan, the lender needs to remove the ...

  6. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.

  7. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions ...

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