A Washington deed form is a document that shows the transfer of property between the buyer and the seller in the State of Washington.
The State of Washington has many laws that must be considered when crafting a property deed, such as that deed of trust is subject to all laws relating to mortgages on real property.
A Washington general warranty deed guarantees that the buyer is now in complete ownership of the property. No special circumstances can rescind the property from the buyer’s possession; no liens, encumbrances, or defective titles exist.
A Washington quitclaim deed is a transfer form that allows a seller and buyer to transfer property without any guarantee or covenants to the transfer.
Drafting a quitclaim deed is most prevalent when gifting property to an ex-spouse or another family member.
A Washington special warranty deed provides a limited warranty of title. Unlike a general warranty where there is an unlimited warranty on the property that is transferred, a Washington special warranty deed limits the warranty period that the grantor is responsible for the property.
The warranty also says that the grantor is only responsible for their property ownership but not for title issues that arose before they owned the property.
The Washington deed of trust is an official document and a real estate tool that allows the lender to give the security title to a trustee until the borrower fulfills the monetary conditions and repays the lender according to determined terms.
In this sense, a Washington deed of trust is like a mortgage in that there is a debt to be paid for real estate. In this case, however, the title falls for a third person (whereas a mortgage only includes the borrower and the lender).
Here are the answers to frequently asked questions about Washington deed forms.