Set arrow in the Warranty Deed

Aug 6th, 2022
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How to set arrow 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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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.
A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property theyre purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.
General Warranty Deed A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.
Warranty Deed Rules and Requirements The name and address of the individual who prepared the deed. The name and address of the current owner (also called the grantor) The name and address of the new owner (also called the grantee) Original signature of the grantor (note: the grantee does not need to sign the deed)
Transfers of real property must be in writing and docHubd. Deeds should be recorded in the county where the property is located. To ensure a legal change to the property title, youll want the services of an attorney. A qualified attorney will prepare and file the real estate transfer deed.
In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed. In Texas, the property is legally transferred when the grantee accepts the signed deed.
It is called a Warranty Deed because the Seller who signs the deed is making a warranty [promise] that the Seller owns the property and that the property is clear of liens and other problems that are not stated in the deed.

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