Warranty Deed for Couples

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Commonly Asked Questions about Warranty Deed for Couples

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.

Who prepares the warranty deed in Texas?

All legal documents are prepared by a Texas licensed attorney.

How much does a warranty deed cost in Texas?

The fee to prepare a Property Deed for you is $195. Your deed will be prepared by a Texas licensed attorney in about an hour. This fee does not include the county recording fee. The county recording fee is approximately $15 to $40, depending on the county the property is located in.

What are the disadvantages of a special warranty deed?

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 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 are the requirements for a warranty deed in Texas?

Requirements of Texas deeds be in writing and signed by the Grantor (the seller) include clear language of intent to convey or otherwise transfer the property. include the name of the Grantee (the buyer) include the legal description of the property. be delivered by the Grantor and be accepted by the Grantee.

Is a gift deed the same as a warranty deed in Texas?

A gift deed can be a General Warranty Deed or a Special Warranty Deed which states that the property is a Gift. These deeds need to be in writing and signed by the person giving the property in front of any notary.