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thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

BARGAIN AND SALE

a contract (or deed – in the form of a contract) that:
(i) conveys property; and

(ii) transfers title to the buyer,
but lacks any guarantee from the seller (as to the validity of the title).

It is commonly used to convey title to real estate today, and it effectively transfers [to the new owner] whatever interest the grantor had. It is often combined with a COVENANT AGAINST GRANTOR’S ACTS. Such covenants are assurances that the grantor has not impaired the title by – for example – conveying the property (or part of it) to someone else.

compare quitclaim deed; warranty deed.
Congratulations! You're now Froogled Up™ on what "Bargain and Sale" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
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