The sale, by a mortgage banker, of a bundle of mortgages in the secondary market so that funds may be raised or risk reduced. Warranted Price Considered fair amount for a real estate transaction, which can be justified by the conditions involved in the exchange. Warranty Legally binding agreement to do something. Warranty Deed Deed that assures that the title to a property is free of any legal claims or encumbrances and includes covenants of seizin, express warranties of title, right to quiet enjoyment, freedom from encumbrances. Warranty of Habitability Implied assurance, from the landlord to the tenant, that an apartment is safe and free from any hazard.
Warranties vary considerably as to what is covered and the duration of the policy.
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