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Warranty Deed from Corporation to Individual - Idaho

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The document is a Warranty Deed from a corporation (Grantor) to an individual (Grantee), detailing the transfer of property ownership in Idaho. It includes legal descriptions, conditions of the sale, and assurances regarding the title's validity. The deed requires notarization and specifies that tax statements should be sent to the Grantee.

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What is the main purpose of a warranty deed?

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during their ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

What is a corporate warranty deed?

A warranty deed holds the seller, or grantor, responsible for any breach after the title search, even if the breach occurred without their knowledge or during a period before the grantor owned the property. It ensures that the buyer will not be responsible for any past title defects or encumbrances.

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.

What is an individual warranty deed?

A warranty deed is a type of deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate.

When a corporation transfers ownership of property the deed must be signed?

0:18 2:05 It proves ownership and gets updated when property changes hands when a corporation transfersMoreIt proves ownership and gets updated when property changes hands when a corporation transfers property. They sign a deed this deed needs to be as official as a referees whistle.

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