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Click ‘Get Form’ to open the special warranty deed in the editor.
Begin by entering the date at the top of the form. This is crucial for establishing when the deed is executed.
Fill in the names and mailing addresses of both grantors (the individuals transferring property) in the designated fields.
Next, provide the grantee's name and mailing address. Ensure accuracy as this identifies who will receive ownership.
Indicate the consideration amount, which is typically a monetary value representing what is exchanged for the property.
In the property description section, refer to Exhibit A for detailed legal descriptions of the property being conveyed.
Review any reservations or exceptions that may apply to ensure all conditions affecting ownership are acknowledged.
Finally, have both grantors sign and print their names where indicated, followed by notarization to validate the document.

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Can you sell a house with a special warranty deed in Texas?

Texas Special Warranty Deed: Commercial Estate Transactions. In real estate transactions, different types of deed are used to transfer ownership which affects both buyers and sellers. In Texas, a Special Warranty Deed is a common option, especially in commercial and foreclosure sales.

Can I sell a house with a special warranty deed in Texas?

In real estate transactions, different types of deed are used to transfer ownership which affects both buyers and sellers. In Texas, a Special Warranty Deed is a common option, especially in commercial and foreclosure sales.

Does a warranty deed prove ownership in Texas?

A warranty deed does not actually prove ownership of a property. The best way to establish ownership is through a title search, which examines public records to determine if any liens, third-party claims, or other issues could affect ownership.

What are the disadvantages of a warranty deed?

Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.

Why would you use a special warranty deed in Texas?

Special Warranty Deeds are commonly used when property owners are divorcing or are divorced. Since the parties both own the property, it is acceptable to use a Special Warranty Deed when one owner transfers his or her interest in the property to the other owner.

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