Posted by Kathy on November 02, 1998 at 08:21:23:
Actually, I have questioned the difference in my mind before, so have since visited a legal site and found out the answer. Definetely a Warranty deed! I don’t think we’re fortunate. We should have given him the cash. Besides being about half the going rate, it’s only about a mile from our home which would have made it sweet for bringing our equipment (backhoe, dump truck) to the site for developing, and we have access to a gravel pit just 1/2 mile away. I think it also would have more more demand than other parcels for sale, which are remote areas. or further north off the highway. We blew it. If I had quickly done a “Letter of intent” and had him sign that when my husband met with him at the land we probably would have had him!