Ensuring Electronic Signature Legitimacy for Warranty Deed in Canada

How to eSign a document: electronic signature legitimacy for Warranty Deed in Canada

- Hi, I'm Andrew Easler, Managing Attorney at Easler Law. Today we're going over your most pressing legal questions. Today's legal question is, what is a general warranty deed? A deed is a legal document that transfers the title of real estate from the grantor or the seller, to the buyer or grantee. A warranty deed offers protection to the buyer with a guarantee from the seller that the title to the property legally belongs to them, and that there are no outstanding liens, mortgages, or other encumbrances against it. The seller is also declaring that they have the legal right to confer ownership of the property to someone new. Warranty deeds are typically used when the property is being transferred between two unrelated parties and when a sale is taking place. In particular, if the buyer is borrowing money from a mortgage lender, the lender will demand a warranty deed with guarantees in place as opposed to the simpler quit claim deed, which is more commonly used for transfers of property among family members or related parties. Most lenders will also require title insurance that names them as the beneficiary. Thanks for watching. Don't forget to like, subscribe and hit that bell. (bell dings) (quiet upbeat music)