Corporate Warranty Deeds

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Commonly Asked Questions about Corporate Warranty Deeds

What is the main purpose of a warranty deed?

Key Takeaways. A warranty deed protects the buyer and ensures that the seller holds a free and clear title to a property without any outstanding liens or mortgages. A warranty deed is a legal real estate document and protects the buyer against future claims to the title of the property.

What is a corporate warranty deed in Indiana?

A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

What is a warranty deed in Indiana?

A general warranty deed is a promise from the grantor that they own the property absolutely, they are granting that ownership to the grantee, and that there are no encumbrances (easements, restrictions, liens, etc.) other than the ones expressly listed in the deed.

Is warranty deed the same as title?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

What is the difference between a warranty deed and a deed of trust?

Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.

What is the most common type of warranty deed?

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.

What is a corporate warranty deed in Florida?

A warranty deed in Florida transfers ownership of real estate with full warranty of title. A warranty deed guarantees that the purchaser receives good and valid title to the property.