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Grant, Bargain, Sell and Release Unto , a Corporation Organized Form

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Grant, Bargain, Sell and Release Unto , a Corporation Organized Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is a bargain sale deed a bargain sale deed is a type of real estate transaction it involves the sale of property for less than its fair market value the seller transfers ownership to the buyer the deed implies that the seller has the right to convey the property however it does not guarantee that the property is free of incumbrances in incumbrances can include leans mortgages or other claims this type of deed offers less protection to the buyer compared to a warranty deed the buyer assumes the risk of any title defects bargain sale Deeds are often used in transactions between family members they can also be used in sales involving trusts or Estates the seller may receive a tax benefit from the reduced sale price the buyer May acquire property at a lower cost however the buyer should perform due diligence this includes a title search to uncover any potential issues

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