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I am planning to sell my property here in Wyoming. It is a 3 acres of farmland and it has two-story farm house. I do not have any information about selling a house. Therefore, I am planning to hire an agent who can help me through out the process. I just want to ask anyone here about a few things I have never heard before. What are the differences between Warranty Deed, Certificate of Title, Final Judgment Quieting Title, Tax Deed, and Quick Claim Deed? Can anyone explain it to me? Thank you.f
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A general warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer)
A quitclaim deed is a term used to describe a document by which a person (the "grantor") disclaims any interest the grantor may have in a piece of real property and passes that claim to another person (the grantee). Certificate of title is used to show legal evidence of ownership and it is required in real estate propert. Before you can transfer a deed you must show certificate of title to the property.A title company or attorney writes the Certificate of Title regarding the property title's status. Any liens against the property are also evidenced. Oftentimes, a title may have an encumbrance associated with it. For example, there may be several undisclosed liens, liabilities, or false descriptions regarding title to a specific real estate property. A final judgment from a court is used to remove these encumbrances on a title. This judgment "quiets" the title or re-establishes title, free of any stains. This is called a Final Judgment Quieting Title |
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