Real Estate Practice : Lesson 2393
By David Saks, Broker / Industry Analyst
#2393 When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market value of the property. Is this true or false ? Take your time on this real tough question :-) The solution, as usual, is posted below the royalty free wildlife photograph. A. False A warranty deed warrants that the grantor has the right to convey the deed and also owns the property.