Finance, MSN, The Motley Fool, U.S. News & World Report, Forbes, TheStreet and more. She has more than 14 years of background writing about consumer credit, investing, student loans, and budgeting. Their names are Estella M Arnold, Robert Arnold, and two others. Curl Curl is the name of a beach in Sydney. By Casey Bond and Mike Cetera . A warranty deed is a real estate document that warrants—or promises—that the grantor (seller) owns the property free and clear and there aren’t any outstanding mortgages, liens, judgments or other encumbrances against it. The last thing you want is to close on your dream home only to have a bank come knocking on the door later questioning who has the legal right to the property. Casey Bond is a personal finance writer who targets the consumer in her writing. Here’s a closer look at how each works. Usually, the lender will send off all the mortgage documents to be recorded, and the recording fees are rolled into the loan closing costs. The shape of the Curl Curl candle is inspired by rolling waves that lift you up and swirl around you. But I wouldn't change a thing. In some cases, a landowner might use a grant deed in place of a warranty deed. Casey Bond is a seasoned personal finance writer and editor. A quitclaim deed only states that the grantor is giving up their legal interest in a property. All Rights Reserved. Casey Bond - Forbes Advisor Your home’s value is a huge part of your overall financial picture. These can be individuals or businesses. The word Curl Curl may have been derived from a Dharuk Aboriginal phrase curial curial, meaning river of life. In order to be legally binding, the warranty deed needs to be notarized and filed with the city or county office for keeping real estate records. 5 talking about this. How Your Credit Score Affects Your Mortgage Rates. If you’re buying a house for the first time, navigating that process can feel overwhelming. Essentially, it states that the trustee holds legal title to your property until you’ve paid it off according to the terms of your loan. I didn’t always want to be a money nerd - it happened by accident. Casey Bond is a seasoned personal finance writer and editor. If you move into a condominium, gated complex or other planned community, there’s a good chance you’ll also have to join a homeowners association (HOA). Casey Bond is a seasoned writer and serves as the editor for Student Loan Hero. The grant deed provides essentially all the same protections: No one else has a claim to the land, and there aren’t any liens or restrictions. Millennials get a bad rap for putting instant gratification and once-in-a-lifetime experiences ahead of their own futures. I'm Casey. The last thing you want is to close on your dream home only to have a bank come knocking on the door later questioning… This address has been used for business registration by Kenney Cody. A buyer typically needs a warranty deed when they attempt to get a mortgage or title insurance. You might also like. You don’t actually own the property until the title is transferred to you. I'm a physician and behavioral scientist at Duke University. In 2019, she won the Excellence in Personal Finance Reporting award for her piece "MLMs Are A Nightmare For Women And Everyone They Know." Casey is also a Certified Personal Finance Counselor. If there is a breach of the general warranty deed, the seller is responsible—even if it happened without them knowing or at a time when they didn’t own the property.