What is an Officer’s deed?
If I wanted the Google response that I saw before asking, I wouldn't have asked here. I'm looking for a response from a realtor that explains it better.
If I wanted the Google response that I saw before asking, I wouldn't have asked here. I'm looking for a response from a realtor that explains it better.
realtor.sailor
The court officer deed is used only by court appointed or supervised fiduciaries, such as executors, administrators, conservators, and trustees, and may have fewer warranties than the general or special warranty deed.
Chief BaggageSmasher
In short, this type of deed is used basically just to sell the property in question. The court-appointed officer is just the agent to deal with this property.
The buyer is responsible for all inspections and verifications. For example. if there is a mortgage, you have to find it. If there is a lien, you are responsible for satisfying it. If you buy it and the mice and termites move you out (just before the furnace explodes), then you are totally responsible for repairs.
Anonymous
never heard of it. But I can google.
The court officer deed is used only by court appointed or supervised fiduciaries, such as executors, administrators, conservators, and trustees, and may have fewer warranties than the general or special warranty deed. Choosing the right deed is a critical step when buying or selling any assets, especially real estate.