what is the difference between a warranty deed and a personal representative deed?
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Personal representatives will often only sign a personal representative's deed, which does not contain any warranties. ... The special warranty deed requires the seller to defend a buyer against only the claims that arise out of the seller's ownership of the property.
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A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.
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The basic difference between the mortgage as a security instrument and a Deed of Trust is that in a Deed of Trust there are three parties involved, the borrower, the lender, and a trustee, whereas in a mortgage document there are only two parties involved, the borrower and the lender.
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A deed is evidence of a specific event of transferring the title of the property from one person to another. A title is the legal right to use and modify the property how you see fit, or transfer interest or any portion that you own to others via a deed. A deed represents the right of the owner to claim the property.
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Realtor fees and commissions are not included in a home's closing costs. Whereas commissions are strictly for the representing agents, closing costs are the result of several miscellaneous fees (unrelated to the agents).
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In legal terms, all property will be classified as either personal property or real property. ... Personal property is movable property. It's anything that can be subject to ownership, except land. Real property is immovable property - it's land and anything attached to the land.
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Also called "contents," personal property is covered in most standard homeowners policies but is not included in property dwelling coverage. Your personal property includes your furniture, clothing, large and small appliances and other items not considered structures.
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Home insurance will help homeowners to pay for structural damage and loss of personal property from emergencies like theft or fire, while a home warranty covers repairs and replacements of a home's systems and appliances when they fail from old age and normal wear and tear.
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Essentially, personal property is anything you can move and is subject to ownership (except land). Real property cannot be moved and is anything that is attached to land. Generally, determining the clarification for a property is simple since the differences are straightforward.
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To sell via a warranty deed, you'll need to pay a title insurance company for a title search; this involves looking for potential legal issues such as liens or previous disputes. You can then buy title insurance and, with legal title, transfer the property through a warranty deed.
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A general warranty deed covers the property's entire history. ... With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's ownership.
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A fundamental difference between retirement annuity contracts and personal pensions is that personal pensions are set up under a scheme established by a pension provider. ... The personal pension scheme 'belongs' to the provider, whereas an occupational scheme 'belongs' to the employer.
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['general warranty deeds.', 'deeds with limited or no warranties. special warranty deeds. bargain and sale deeds. quitclaim deeds,', "deeds held by trusts. deed of trust. reconveyance deed. trustee's deed.", "deeds executed by courts. administrator deeds. executor deeds. master deeds. sheriff's deeds."]
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Title deeds are documents which prove ownership of land or property. ... This means a record of your ownership is not held centrally at Land Registry. Your deeds may be held by a solicitor, a mortgage lender or by you, at home, or perhaps lodged at your bank. Unfortunately, title deeds are sometimes mislaid or destroyed.
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Personal representative. A person who has been issued with a grant to administer a deceased person's estate. ... If there is a will that names the personal representative, they are known as the executor (sometimes called an executrix, if a woman).
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What is the difference between a real estate agent and a sales representative? ... The sales representative can only conduct a transaction on behalf of the real estate agent. A real estate agent holds a higher level of qualification, normally a Diploma, and holds a Triennial Certificate that enables them to trade.
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Unlike doctors or lawyers, who should not treat or represent themselves, many real-estate professionals buy and sell their own homes. Under the code of ethics and standards of practice of the National Association of Realtors, they are required to disclose personal interest in a sale or purchase.