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Commonly Asked Questions about Ohio Warranty Deed Forms

An Ohio limited warranty deed conveys property interests with a limited guarantee on the clarity of the title. The grantor is only guaranteeing that he or she did not encumber the property while he or she owned it.
General Warranty Deed Most common form of deed in Ohio. If there is just one buyer, title will, upon death, pass to such owners heirs unless otherwise provided for by the owners will.
While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
What is 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. General Warranty Deed: Definition FAQs - Trust Will trustandwill.com learn general-warranty-deed trustandwill.com learn general-warranty-deed
A limited warranty deedwhich is useful in transferring foreclosed propertiesprovides the buyer with some guarantees about the title, but it does not offer the complete protection of a general warranty deed.
Deed not recognized in Ohio: Ohio does not recognize joint tenancy with right of survivorshipa common-law form of joint ownership under which a surviving co-owner automatically receives a deceased co-owners interest.
Submit the deed to the appropriate county auditors office prior to recording so that the owners name can be transferred on the countys tax list (Ohio Rev. Code Section 319.20). Record the deed at the recorders office in the county where the property is located for a valid transfer.
In Ohio, only an attorney can draft a deed for others. All title companies must use an attorney to draft deeds. Many clients ask why they need to engage a lawyer to draft a deed if they can download a form off the Internet.