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CRAIG BLACKMON IS A REAL ESTATE ATTORNEY, BROKER, AND INNOVATOR IN SEATTLE.

Warranty Deed

Warranty Deed A deed is the legal document that transfers title of real property.  A Warranty Deed contains promises from the seller to the buyer about the rights of ownership and possession of the property.   Contrast with Quit Claim Deed. Here in WA, the law by...

Title Insurance

Title Insurance A type of insurance that insures either the buyer’s right to own and possess the property, or the lender’s security interest in the property. Typically the seller will pay for the buyer’s policy, and the buyer will pay for the lender’s policy. Why does...

Title Contingency

Title Contingency A specific type of contingency. A title contingency allows a buyer to inspect and approve the preliminary title report before the contract becomes binding. This gives the buyer a chance to identify encumbrances on title that may affect the...

Quit Claim Deed

A deed is the legal document that transfers ownership of real property.  A Quit Claim Deed conveys ownership and nothing else.  The person conveying (the seller) makes no promises of any sort concerning the conveyor’s actual ownership or right to possession. If...

Preliminary Title Report (or Title Commitment)

The initial document generated when a policy of Title Insurance is ordered.  The Title Report shows all of the existing encumbrances on the title to the property.  This includes liens, as well as any other interest in the property held by someone else, such as an...

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