Ba 260 Week 4 Assignment Deeds

BA 260 WEEK 4 ASSIGNMENT DEEDS

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BA 260 WEEK 4 ASSIGNMENT DEEDS,

In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and there are no hidden tie-ins that Gemma should be aware of. This deed ensures Gemma that the property he or she is buying is actually owned by Wiley and Gemma won’t be met with any surprises later on. Furthermore, if a third party were to try to claim the property down the line, the warranty deed would legally protect the Gemma and he or she would be entitled to compensation from the original seller.

In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and there are no hidden tie-ins that Gemma should be aware of. This deed ensures Gemma that the property he or she is buying is actually owned by Wiley and Gemma won’t be met with any surprises later on. Furthermore, if a third party were to try to claim the property down the line, the warranty deed would legally protect the Gemma and he or she would be entitled to compensation from the original seller.

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