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What is a Washington Bargain and Sale Deed?
In Washington, the requirements for a Bargain and sale deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.
Bargain and sale deeds are commonly used by banks who have acquired property after foreclosure. A bargain and sale deed could also be used in other situations where the grantor is unwilling to make the broad covenants that go along with a warranty deed.
When to use a Washington Bargain and Sale Deed:
- You are conveying real property and the parties have agreed that the seller will convey title with limited warranties.