Bargain and Sale Deed in CO, NY, VT, WA and WY

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A Bargain and Sale Deed can be used to transfer property from a seller to a buyer. It is often used to transfer residential property in CO, NY, VT, WA, and WY.

A Bargain and Sale Deed is a legal document used to transfer property ownership from a seller to a buyer. It is commonly used to transfer residential property in Colorado (CO), New York (NY), Vermont (VT), Washington (WA), and Wyoming (WY). While the parties involved are usually familiar with each other, a Bargain and Sale Deed can also be used when the court seizes a property.

A Bargain and Sale Deed resembles a Quitclaim Deed, since it is usually drafted without guarantees to the buyer that the seller owns the property free and clear (though the seller must disclose any existing debts). Bargain and Sale Deeds can also be written with covenants, where the seller would guarantee that he owns and can sell the property, and that there are no undisclosed debts. These covenants, or guarantees, resemble a Grant Deed.

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This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.