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Video Guide on Warranty Deed Template management

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Commonly Asked Questions about Warranty Deed Template

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.
How to Create a Michigan Warranty Deed Form The parties names; An accurate legal description of the property; A statement of consideration; and. The co-ownership form the new owners will use to hold title (if there are multiple new owners).
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 warranty deed is a document used in real estate to docHub that a property is owned free and clear. This means that the owner is rightfully clear of any liens, mortgages, or any other types of claims. In other words, a warranty deed form is used to prove ownership.
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.
A quitclaim deed is the opposite of a warranty deed in that the grantor is transferring title to a piece of property but is not warranting that they have good title to that property. A quitclaim deed only transfers whatever interest that the grantor has in the property at the time of the conveyance.
If you do not have your deed, then you can get a recorded copy of it at the Register of Deeds; and a recorded copy is just as good as the original. You can come in person, send us a request by mail, or search online. Search and copy fees will apply.