What characterizes a Bargain and Sale Deed?

A Bargain and Sale Deed is characterized by its ability to convey title to the property while implying no warranties. This means that the seller is transferring their interest in the property to the buyer, and although the deed implies that the seller holds title to the property, it does not provide any guarantees regarding the condition of that title or against future claims.

The lack of warranties suggests that if any legal issues arise after the transfer, such as claims from third parties over the property's title, the buyer may shoulder that risk without recourse to the seller. This type of deed is often used in real estate transactions where the seller may not be able to provide full warranties, but still wishes to sell the property.

The other options imply varying levels of warranty or requirements that are not typical of a Bargain and Sale Deed. For instance, full warranties and assurances for third-party claims are characteristics of a Warranty Deed rather than a Bargain and Sale Deed. Additionally, while title insurance is often recommended in real estate transactions, its requirement is not associated specifically with this type of deed.