Deeds and Warranty Forms

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Commonly Asked Questions about Deeds and Warranty Forms

Can I make my own warranty deed in Texas?

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 the main purpose of a warranty deed?

Under a warranty deed, the transferor guarantees that the real estate is free from all encumbrances and that he will warrant and defend the title to the same against all lawful claims. IND. CODE 321212.1 The existence of a highway easement constitutes a bdocHub of a covenant against encumbrances.

What is the difference between a general 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 purpose of a general warranty deed?

A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property theyre purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.

What is a general warranty deed grant deed )?

A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.

Form What is a general warranty deed form?

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 the primary difference between a special warranty deed and a general warranty deed?

The main difference between these deeds is that general warranty deeds apply to the entire history of a piece of land while special warranty deeds only cover the period of time that the previous owner (the grantor) has held the land. As such, special warranty deeds offer fewer protections to a grantee.