Bargain and sale deed

A bargain and sale deed is in United States real property law, a deed "conveying real property without covenants".^[1]

This is a deed "for which the grantor implies to have or have had an interest in the property but offers no warranties of title to the grantee."^[2]

Under common law, this type of deed technically created a use in the buyer who then gets the title.^[3] Under the statute of uses, modern real property law disregards this subtle distinction. ^{[citation needed]}

A bargain and sale deed is especially used by local governments, fiduciaries such as executors, and in foreclosure sales by sheriffs and referees.^{[citation needed]} The fact that it comes without any warranties from the government means that the new owner may not have a good title.^{[citation needed]} If in fact, the city did not have a good title or the city could not convey a good title, then the new landowner is unlikely to be successful in obtaining a refund of the purchase price.^[4]

Some states require a specific form to be used.^[5] Some states also allow a grantor (or seller) to add warranties. In such case, it may be called a bargain and sale deed with covenants.^[6]

References

^ Black's Law Dictionary, p. 46 (2001 edition).
^ Nance, Cheryl P. (2003). Modern Real Estate Practice in Texas. Dearborn Real Estate. p. 354. ISBN 0793184711. Retrieved 13 December 2017.
^ See definition of deed, Merriam-Webster's Dictionary of Law. Merriam-Webster, Inc. 1996. p. 126. ISBN 0877796041. Retrieved 13 December 2017.
^ See, e.g., "Winters v. County of Clatsop, 150 P. 3d 1104, 210 Or. App. 417 (2007)". Google Scholar. Retrieved 13 December 2017.
^ See, e.g., "RCW 64.04.040: Bargain and sale deed—Form and effect". Washington State Legislature. Retrieved 13 December 2017.
^ Strawn, James R. (January 2017). "Use of the Special Warranty in Oklahoma and Texas Oil and Gas Transactions". Oil and Gas, Natural Resources, and Energy Journal. 2 (5): 545. Retrieved 13 December 2017.

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[1] Black's Law Dictionary, p. 46 (2001 edition).

[2] Nance, Cheryl P. (2003). Modern Real Estate Practice in Texas. Dearborn Real Estate. p. 354. ISBN 0793184711. Retrieved 13 December 2017.

[3] See definition of deed, Merriam-Webster's Dictionary of Law. Merriam-Webster, Inc. 1996. p. 126. ISBN 0877796041. Retrieved 13 December 2017.

[4] See, e.g., "Winters v. County of Clatsop, 150 P. 3d 1104, 210 Or. App. 417 (2007)". Google Scholar. Retrieved 13 December 2017.

[5] See, e.g., "RCW 64.04.040: Bargain and sale deed—Form and effect". Washington State Legislature. Retrieved 13 December 2017.

[6] Strawn, James R. (January 2017). "Use of the Special Warranty in Oklahoma and Texas Oil and Gas Transactions". Oil and Gas, Natural Resources, and Energy Journal. 2 (5): 545. Retrieved 13 December 2017.

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See also

References