Legal Question in Real Estate Law in Ohio
what is the differance between a fiduciary deed and a warranty deed
Asked on 6/05/10, 10:27 am
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
A fiduciary deed is given by an executor or a trustee. It means that the fiduciary has the power to transfer the property but does not provide any warranties regarding title. With a general warranty deed the seller warrants that he or she has good title to the property.
It is always advisable to obtain title insruance especially if a fiduciary deed is involved.
Answered on 6/05/10, 2:31 pm