New Jersey Quitclaim Deed from Husband and Wife to Individual

Transfer title for a real estate property in New Jersey with this Bargain and Sale Deed with Covenants as to Grantor's Acts.

• In this document, the seller of the property is called the grantor and the buyer is called the grantee.
• The grantor warrants (guarantees) the title only against those defects that arose during his/her ownership of the property, but not against any title defects that existed before that time.
• The Deed also contains a covenant (promise) that the grantor has not done anything to encumber the property (such as a mortgage).
• This form of Deed is commonly used to transfer ownership of properties that have been seized for unpaid taxes, or that are being sold by an executor of an estate.

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

Transfer ownership of a New Jersey real estate property from a seller to a buyer with this New Jersey Warranty Deed form.

• it has good and marketable title to the property,
• it has the legal right and authority to transfer the title to the buyer, and
• it will forever defend the right of the buyer (the grantee) to possess the property.