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Commonly Asked Questions about Warranty Deed Legal Form

Transferring Indiana real estate usually involves four steps: Locate the prior deed to the property. Create the new deed. Sign the new deed. Record the original 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.
How do I fill out a quitclaim deed? The first part of the Quitclaim deed includes the granters and grantees names, their addresses, the date of the deal and legal description of granters interest in the property. The second part must be signed by a notary.
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.
When using a warranty deed, the grantor guarantees that the property has no outstanding title problems and that they, the current owner, have the legal right to sell to the buyer.
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.
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.
A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.