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How to slide card in the Warranty Deed

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All right, in todays video, were gonna discuss types of deeds. Now theres probably about a dozen or so of the types of deeds were gonna discuss, and you need to know these for your real estate licensing exam. Very important. Now, understand just a little review here, I did another video that outlined the basics of deeds and what contents or what essential elements must be in a deed for it to be valid. If you have not previewed that video, please go and watch that video before you go to this video, and Im gonna leave a link right up here in your upper right hand corner of your screen. Thats a link to the video. Watch that one then come back to this one. And if youve watched that video, you will have learned that the deed is the proof or the evidence of a transfer of title or a conveyance of title. The other thing that the deed does, it represents the quality of the legal interest, what we call the quality of the estate, the type of deed determines quite frankly the quality of the

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What is the purpose of a general warranty deed?

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.

How do I file a deed in Texas?

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.

How do I transfer a property title to a family member in Texas?

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.

What are the pros and cons of a warranty deed?

Warranty deed pros and cons BenefitsDrawbacks Shows that the title has no outstanding debt claims or liens. Buyer protection differs between general and special warranty deeds. Can be used to prove ownership to lenders. Does not replace title insurance, which may be necessary with a special warranty deed.1 more row Aug 31, 2023 Warranty Deed: What It Is, How and When to Use - NerdWallet NerdWallet investing estate-planning NerdWallet investing estate-planning

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. How to use a general warranty deed - .com articles how-to-use-a-ge .com articles how-to-use-a-ge

What is the main purpose of 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. Warranty Deed: Definition, Types, and How Its Used Investopedia Real Estate Investing Investopedia Real Estate Investing

What are the risk of a special warranty deed?

A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property. Its possible with this type of deed that someone else could come along who had a claim to the property or a lien existing from some long-unpaid debt. Special Warranty Deed: What Is It And Do You Need One? - Quicken Loans quickenloans.com learn special-warranty quickenloans.com learn special-warranty

Who signs a warranty deed in Texas?

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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