Friday, August 10, 2018

Grant Deed Vs. Quitclaim Deed

Grant Deed Vs. Quitclaim Deed

What is the Difference?

According to Provident Title Company: Here's there explanation
Before the sale or purchase of a piece of property, It is always a good idea to be aware of the various kinds of deeds that may be offered on that property by the seller. 

California registers the transfer of real property from a seller to a buyer with a "deed". Not all real estate ownership is the same, different types of deeds are used to transfer property from a seller to a buyer. The general warranty deed, better known as a Grant Deed is a legal document that conveys (transfers) the greatest level of ownership, or "title", in real estate from a seller, or "grantor", to a buyer, "grantee". It conveys title with such legal terms a "warrant generally" or convey and warrant," and guarantees that the grantor is legal owner of the property. The grantor offers six specific warranties to the grantee that are not offered by any other deed. 

Six Warranties
The seller offers the greatest level of buyer protection with a general warranty deed through six specific warranties. The seller promises that he / she owns the property and has the legal right to sell it. 

Warrants that the title is free of any liens and encumbrances, except those that may be specifically noted in the deed, and guarantees that the title is superior to any other title that may exist on the property. 

Finally, the grantor promises to get any required legal documents that may be needed to make the grantee's title good, and will defend the grantee's title against all legal claims that may be made against it, including compensation the grantee for any loss should the title
prove faulty. These six warranties cover the property from its beginning to the end  of the grantee's ownership in the future. 

A deed has commonly been defined as any instrument, or written document, signed, sealed and delivered, which conveys land or an interest in property. 

Grant Deed: 
A grant deed is much like a general warranty deed in that it also conveys the property and provides many of the usually warranties, but not all. Usually the warranties are limited to a promise that the land was not previously conveyed and that the land is not encumbered other than as noted on the deed, Other than that, typically no other warranties are made. 

Quitclaim Deed
is the simplest of all deeds. It is a deed without warranties, executed by a party simply to convey his interest in the property and nothing more, allowing him to walk away without any further obligations whatsoever. Literally, this deed allows you to quit any claim you have to a piece of property. 

Important Differences
The important difference between a quitclaim deed and a grant deed is any warranties that the deed provides regarding the title to the property. Because a quitclaim deed lacks the usual warranties, it is possible that a person executing this deed has a bad title or no title at all to  a given piece of property. A person takes a quitclaim deed at their own risk.

Requirements and instructions for recording you deed Recording Instructions
Preliminary change of ownership: Required to be filed with the Deed
Grant Deed and Acknowledgment : Grant Deed


Cruising Through California Home Values

Sometimes checking on homes in your area just for the fun of it can be very surprising especially when a neighbors home around the corner sells. "WHAT IT SOLD FOR THAT PRICE" So go ahead and watch the VIDEO and have fun. click link: Crusing The Neighborhood  and the link to HomeViewers.Com

Yes that's me in the upper right hand corner with another fun video that explains the top features and asked the right questions when seeking a realistic evaluation on your home or homes in a neighborhood anywhere in southern california :  click here to watch video 

Treating Your Clients right.. They come back even after the sale 24 years later. click link:  Music Legend Charles Wright calls Dan The Real Estate Man 24 Years Later

Selling a home can be very stressful, preparing it for sale, selecting the right agent and one who will look after your best interest and negotiate the best possible price along with closing the escrow on time. 

Tuesday, June 5, 2018

HomeViewers Real Estate News You Can Use

Conventional Loan or an FHA Loan? 

The reason you would choose a conventional loan or and fha loan would be based on your own personal situation.  Here's how you would determine which loan type is right for you. 

Some factors that all lenders consider are: Financial stability and length of time on your job or same line of work: 

Debt - to - income ratio: for someone getting a conventional loan is at 43 percent.. and of course your Fico or Credit score. The lowest credit score that a lender will look at is 620 fico.. read full article

Top 5 Mortgage Trends to Keep Your Eye On

Planing to buy or sell this year? You should keep yourself ahead of the latest news and regulations when it come to mortgages.. Conventional or Fha. and increase in single - family home construction and a report by Freddie Mac's Economic and housing Research Group predicts a 2 percent increase in home sale over 2017. However this doesn't mean that inventory has increased much, which has made home prices rise. read full article

6 DIY Projects for Spring

Haven't had much of a winter in my opinion, Seems like we had very little rain (Orange County Ca.) but now is the perfect time to get some of those new projects around your home going. If you're looking for fun and easy ways to add some color and vibrancy to your home. Here are some short suggestions which I'm sure you'll enjoy.  read full article

Search For Real Estate Los Angeles / Orange Co. 

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Thursday, May 17, 2018

HomeViewers Real Estate News You Can Use

How to Hire a Home Contractor: Tips and Best Practices

A home construction or renovation disaster can easily happen if you hire the wrong contractor. We've all heard the horror stories they don't show up or the cost seems to get more expensive. Make use of your state's consumer protection agency and the Better Business Bureau.  read more: Home Contractor Tips and Best Practices  

7 Statistics About Credit Reports That May Scare You

You probably don't give much thought to your credit score in your day to day life, but when the time comes for a major purchase or transaction, the information on your credit report could become a major obstacle.. It's important to monitor these reports so that they're looking their best when it matters. read more: 7 Statistics about Credit Reports   

Is This Your Situation: Curious About the Advantages

of Investing in Real Estate? 

Serious investors are looking for ways to diversify their investments. Is your IRA or 401 K maxed out? Maybe you should look into purchasing rental income and increase you net worth over the long term. Some of my clients have purchase Two or more investment properties.  
1. Real Estate is an appreciating investment
2. Real estate can boost your monthly cash flow
3. Real estate appreciation is very constant  and some years appreciates over 20%
4. Real estate is an excellent TAX Write off .. read more: Invest in Real Estate

Wednesday, February 14, 2018

Pay Off Your Loan At Lightning Speed 

Did you know that less than 20 percent of U.S. homeowners have 50 percent equity or more in their homes? After reviewing the terms of your mortgage. It may seem like it will take forever to pay it off, But paying off your mortgage early is not impossible. By making a few simple changes you will soon be on the road to becoming mortgage - free.. pay off continued

5 steps to Deciding How Much Homeowners Insurance You Need!

Making sure you're not buying too much or too little homeowners insurance can be difficult, but not impossible. Over Under Insured? click here

How Can i Avoid Common Home Buyer Mistakes

There are some common mistakes that home buyers regularly make but that are easy to avoid if you know what to look out for... Home Buyer Mistakes Continued