What is a warranty deed with a vendor's lien?

Answer by  nineloc9 (70)

A deed which transfers property to a buyer with a warranty of title and with no encumbrances involved, but keeps a lien for the seller until the full purchase price is paid off. If not, the seller can take the property back, because the purchase amount wasn't paid in full.

Answer by  eerlanger (28)

This type of deed conveys title to real estate from a seller to a buyer but, reserves the seller's right to take back the property if the buyer does not pay in full as specified in the contract. A warranty deed provides the best protection that the property is free of encumbrances that are not listed on the deed.

Answer by  Liz59 (10966)

It is a type of deed that allows the seller to convey the title of the property to the buyer. But it also protects the seller and lets the seller take back the property when required as well. It provides all type of benefits for the seller in the situation.

Answer by  mlucas (515)

It is just the term for an individual mortgage in Texas. The Vendor is the seller of a property who holds a lien on the property until the promissory note is paid in full. The warranty is the promissory note that is signed. It maybe assigned to a third party.

Answer by  Rajesh (329)

It is a deed which conveys real property to the buyer with a warranty of title and no emcumbarances but reserve a lien in favour of the vendor, the lien exists until the full purchase price is paid off, so that the vendor has the right to take back the property if he/she does not pay the full amount.