Escrow & Title
A Kentucky quitclaim deed provides the grantee with:
AFull warranty of title including defense against all claims
BWhatever interest the grantor has, without any warranty✓ Correct
CA guarantee that the property is free of all liens
DTitle insurance protection equivalent to an owner's policy
Explanation
A quitclaim deed conveys whatever interest the grantor has in the property, without any warranty of title. If the grantor has no interest, the grantee receives nothing.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Math Concepts
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