Legal dunce needs paperwork help

[jekjones1558]

As I was sorting through our DVC paperwork I noticed that the add-on contract we did though Disney is called a "Deed" and the one we did through resale is called a "Warranty Deed." I am ashamed to admit that I don't know the difference. Also, once I have a deed or warranty deed validated by the Orange County comptroller along with my title insurance policy, can I safely get rid of all the paperwork from the purchase process? Thanks to anyone with the patience to help this uneducated DVCer.

 

[NCRedding]

Both of my deeds came from Disney and are labeled "deed" but do contain the same warranties that a "warranty deed" would contain. They should be the same thing just named differently because of different preparers.

As to getting rid of info, at a minimum you should keep the settlement statement, so that if you ever do sell you have proof of your basis in the property. I have kept all of the information as this is the legal agreement between DVD and me. Should any confusion/conflict arise, these documents would be the governing law/contract involved. Ours was organized very neatly by DVD so, I just put it all in a binder to keep. Of course, my life is overrun with papers, so you may not want to follow my advice.