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A deed, on the other hand, transfers the title from the grantor to the grantee. So when you purchase a home, youll own both the title and the deed.
Can you sell a property with a warranty deed?
Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. If any title issues arise after a sale, a Warranty Deed ensures that the seller remains responsible. There are two types of Warranty Deeds: special and general.
Who benefits the most from a warranty deed?
The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.
How do I get a copy of the deed to my house in Missouri?
There are 3 ways to obtain a copy: Stop by in person. Anyone can pick it up. Send a written request to Recorder of Deeds, 729 Maple Street, Hillsboro MO 63050. Include a check for $9 per copy and a self-addressed stamped return envelope. Order over the phone with a credit card by calling 636-797-5414.
What is the safest type of deed?
A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.
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Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.
What is the difference between a warranty deed and a quit claim deed in Missouri?
With a quitclaim deed, the grantor transfers whatever interest that he/she owns in the property to the purcahser. There is no covenant or warranty as to the extent of the interest being conveyed. From a purchasers perspective, you want a general warranty deed. From a sellers perspective, you want a quitclaim deed.
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General Warranty Deed
TO HAVE AND TO HOLD the premises aforesaid, with all and singular the rights, privileges, appurtenances and immunities thereto belonging unto the said Grantee
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