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What is the difference between a general and special warranty deed in Colorado?
In short, the distinction between the two forms of warranty deeds is that in a general warranty deed, the seller warrants against anything any owner of the property ever did to encumber title and in a special warranty deed the seller only warrants against anything the seller did to encumber title.
Why would a seller want a special warranty deed?
A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.
What is the most common deed in Colorado?
Warranty Deed: A Warranty Deed is arguably the most common type of deed used in Colorado real estate transactions, and generally provides the greatest level of protection for a buyer, as the seller warrants the title to the [property] without exception.
What is a general deed?
A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.
What are the disadvantages of a special warranty deed?
The main disadvantages include limited protection for buyers, who may inherit claims or issues from before the sellers ownership. Buyers must investigate the propertys history, which could lead to unexpected costs or unresolved liens.
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Which is better, a special warranty deed or a general 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.
Whats the difference between a general warranty deed and a quitclaim deed?
If they own the property outright, the quitclaim deed transfers full ownership. If they dont own the property at all, the quitclaim deed doesnt transfer anything. A warranty deed transfers someones rights in the underlying property. It also promises that the person transferring this property actually owns it.
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The two general approaches to eliminating the entry routes are to seal the individual routes or to create a bar- rier such as a membrane that isolates all the
Concerning the Release of Deeds of Trust. by Colorado General
Concerning the Release of Deeds of Trust. ; Authors. Colorado General Assembly ; Files. Download. Download Full Text (346 KB) ; Publication Date. 1905 ; Chapter.
The act provides new forms of deeds for the conveyance of real property under certain circumstances. (Note: This summary applies to this bill as enacted.).
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