General Warranty Deed from an Individual to Two Individuals with a Retained Life Estate in Grantor - South Carolina 2025

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Thanks to these robust warranties, warranty deeds offer near-ironclad protection for buyers against title defects and related legal issues. That security is why warranty deeds are standard for most real estate transactions.
Life Estate Deed South Carolina Upon the life tenants death, property ownership automatically transfers to the designated remainderman without going through probate. This type of deed is often used in estate planning to facilitate the smooth property transition and avoid delays and expenses.
The difference is that a life estate deed awards ownership interest in the real estate only for the life of the person awarded the life estate. The warranty deed actually transfers ownership of the real estate to that person and the person may sell the real estate or pass it own to heirs.
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.
Types of Deeds in South Carolina Warranty deeds provide protection to the buyer in the form of a warranty by the seller that guarantees no issues with the title. Limited warranty deeds provide a guarantee that nothing has happened with the title during the time the seller has owned the property.
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People also ask

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.
A general warranty deed in South Carolina is customarily used in residential real estate transactions to transfer title to real property. A statutory form for a conveyance of real property in fee simple is presented in section 27-7-10 of the South Carolina Code and can be used for a warranty deed.
No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

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