Easily Replace Conditional Fields into the Warranty Deed

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How to Replace Conditional Fields into the Warranty Deed

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In response to a question from viewer Gina about converting a quitclaim deed to a warranty deed after purchasing a foreclosure, attorney Robert Flesses explains that it's not possible. He clarifies that a quitclaim deed only transfers the seller's existing rights and interests in the property at the time of sale, without any guarantees or additional rights. Consequently, the nature of the deed cannot be changed; a warranty deed offers more protection and assurance of a clear title but cannot arise from a quitclaim deed transaction. Lastly, he encourages viewers to subscribe for further legal insights.

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What are the disadvantages of a special warranty deed?

A special warranty deed guarantees that the buyer wont face any legal action or title issues as a result of the actions of the propertys previous owner. A downfall is that this type of deed does not offer any guarantees that prior owners owned the property free and clear.

What is a special warranty deed for Texas property?

A Texas special warranty deed transfers ownership of real property with the limited guarantee of clean title during the grantors period. The grantee will be responsible for any claims against the property prior to the grantors ownership.

What is a general warranty deed in Texas?

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

Why would you use a special warranty deed in Texas?

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

What is the difference between a limited warranty deed and a general warranty deed in Georgia?

Both a general warranty deed and limited warranty deed make a specific promise about giving clear title to the property. Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general warranty and limited warranty is the duration of that promise.

What is the difference between a special warranty deed and a general warranty deed in Texas?

To summarize, a Special Warranty Deed states that there were no claims against the property title during the time when the seller or grantor owned it. On the other hand, a General Warranty Deed states that there were no title defects at any point in time.

How do I fill out a Texas general warranty deed?

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

What are the requirements for a warranty deed in Indiana?

To be valid, each Indiana warranty deed form must meet the requirements of Indiana law. These requirements include valid legal description, statement of consideration, and a description of the manner in which co-owners will hold title, font size and page format requirements, and signature and notarization requirements.

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Replace Conditional Fields into the Warranty Deed