Clean effect in the Warranty Deed

Aug 6th, 2022
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How to clean effect in the Warranty Deed

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- Hi. Im Andrew Easler, managing attorney at Easler Law. Today, were going over your most pressing legal questions. Todays legal question is what is a special warranty deed? A deed is a legal document that transfers a title of real estate from the grantor or seller to the buyer or grantee. A special warranty deed offers protection to the buyer with a limited guarantee from the seller that the title to the property legally belongs to them, and that there are no outstanding liens, mortgages, or other encumbrances against it during the period of time the seller owned the property. Warranty deeds are typically used when the property is being transferred between two unrelated parties and when a sale is taking place. Keep in mind that this type of deed is limited to the time the seller owned the property. Any problems with the title caused by a prior owner are not warranted by the seller. Thanks for watching. Dont forget to like, subscribe, and hit that bell. (bell dings) (upbeat music)

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Warranty deed pros and cons BenefitsDrawbacks Guarantees that the owner has a legal right to sell the property. Can be costly from around $100 to several thousand dollars depending on the transaction.2 more rows Aug 31, 2023
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection.
The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they havent sold the property to anyone else, and that it is clear of any liens or restrictions.
Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed.
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.
Explanation: A warranty deed (or general warranty deed) gives the greatest protection to a real estate buyer. In a warranty deed, the grantor makes promises that warrant against defects in the title that arose either before or during the grantors period of ownership.
A warranty deed ensures a buyer that the property is owned by the seller and is able to be sold without any encumbrances. A deed of trust is used in certain states, and represents a buyers guarantee with their lender to repay the property loan as scheduled.
Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen. If a third-party filed a claim against the property, even if the seller was unaware, the seller is legally liable to remedy the issue.

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