Ask Question
19 May, 15:43

Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home? Why?

+1
Answers (1)
  1. 19 May, 18:00
    0
    The three general methods of title assurance are as follow:

    General Warranty Deed: In this method, the grantor warrants that the title he/she conveys to the property is free and clear of all encumbrances, besides those ones which are specifically listed in the deed. Special Warranty Deed: This method makes the same warranties as a general warranty deed except that it limits their application to defects and encumbrances which occurred only while the grantor held title to the property. Quitclaim Deed: This method offers the grantee the least protection in that it simply conveys to the grantee whatever rights, interests, and title that the grantor may have in the property. No warranties are made about the nature of these rights and interests or of the quality of the grantor's title to the property. Recommendation: I'll recommend the General Warranty Deed, because it offers the most comprehensive warranties about the quality of the title.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home? Why? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers