What type of deed may only apply to the conveyance of title without warranties?

What type of deed may only apply to the conveyance of title without warranties?

• A. File and convey deed
• B. Bargain and sale deed
• C. Warranty deed
• D. Joint tenancy deed

Answer: (B)

A bargain and sale deed is specifically designed for the conveyance of property title without any warranties. This type of deed indicates that the seller has title to the property and the right to convey it, but it does not guarantee that the title is free of defects or encumbrances. Consequently, the buyer assumes the risk; if issues arise concerning the title after the sale, they have limited recourse against the seller. In contrast, a warranty deed offers various guarantees about the title, specifically that it is clear of liens and claims, providing the buyer with more security. A joint tenancy deed involves the co-ownership of the property, often without specific warranty implications, and a file and convey deed is not a standard legal term recognized in real estate transactions. Therefore, the bargain and sale deed clearly stands out as the conveyance method that limits the seller's obligations regarding title warranties.

A bargain and sale deed is specifically designed for the conveyance of property title without any warranties. This type of deed indicates that the seller has title to the property and the right to convey it, but it does not guarantee that the title is free of defects or encumbrances. Consequently, the buyer assumes the risk; if issues arise concerning the title after the sale, they have limited recourse against the seller.

In contrast, a warranty deed offers various guarantees about the title, specifically that it is clear of liens and claims, providing the buyer with more security. A joint tenancy deed involves the co-ownership of the property, often without specific warranty implications, and a file and convey deed is not a standard legal term recognized in real estate transactions. Therefore, the bargain and sale deed clearly stands out as the conveyance method that limits the seller's obligations regarding title warranties.