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The document is a Texas General Warranty Deed with Vendor's Lien, outlining the process for completing the deed form and detailing how property can be held by multiple individuals in Texas. It explains different types of concurrent estates such as Tenants in Common, Joint Tenants with Right of Survivorship, Community Property, and Community Property with Right of Survivorship. The document also includes disclaimers regarding legal advice and confidentiality rights.

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Can a warranty deed have a lien on it?

A lien on real property in Texas is evidence of a debt, and payment of that debt extinguishes, or releases, the lien. When the underlying debt is paid, the lien holder prepares, signs and certifies a written release that is recorded with the county clerk in the county where the property is located.

What are the disadvantages of a warranty deed?

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.

Can you sell a house with 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.

What makes a warranty deed valid?

All warranty deeds must include the date of the transaction, the name of the parties involved, a legal description of the property being transferred, a list of title defects and the signatures of the buyers. To make it legally binding, warranty deeds must be signed in the presence of a notary public.

What is the strongest form of deed?

A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.

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What does warranty deed with vendors lien mean in Texas?

General Warranty Deeds: A General Warranty Deed, also known as a full warranty deed, offers the highest level of buyer protection. It guarantees that the property is free from any liens or encumbrances, regardless of when they originated.

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What does warranty deed with vendors lien mean in Texas?

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