What is a warranty of title?

A warranty of title is an assurance of a legal right to ownership of property. This assurance is given by the seller of property, such as land or goods, to the buyer. The warranty of title in Nebraska states that the seller is the rightful owner of the property and has the right to sell it to the buyer. It also states that the ownership is free from any encumbrances, which are legal claims from other parties on the property. Whenever a seller transfers a property in Nebraska, they must provide a warranty of title in writing to the buyer. A warranty of title is also known as a title guarantee or title insurance. Title insurance reduces the risk of buyers, as it provides a guarantee that they will receive free and clear title to the property and that they will be able to sell or transfer the title without any problems in the future. It also protects buyers from any incorrect information in the title or deed documents. The title insurance company is obligated to compensate the buyer if there is any issue with the title.

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What is a warranty of title?

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