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How to use or fill out Limited Warranty Deed from Individual to Husband and Wife - Ohio

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's name, indicating whether they are married or unmarried. This is crucial for establishing the ownership structure.
Next, specify the Grantees' names as 'Husband and Wife'. Choose how they will hold the property: either as Tenants in Common or Joint Tenants with Right of Survivorship. Make sure to clearly indicate this choice in the designated section.
Fill in the legal description of the property, including Auditor’s Parcel No. and any prior instrument references. Ensure accuracy to avoid future disputes.
Complete the signature section, where both Grantor and their spouse (if applicable) must sign. Don’t forget to include a notary acknowledgment for legal validation.

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Can you sell a house with a limited warranty deed?

You can sell as a warranty deed but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if theres a title company/title insurance being purchased.

What are the common problems with warranty deeds?

Special Warranty Deed Risks: The limited protection may expose buyers to title issues that arose before the sellers ownership period. This can be risky, especially for older properties or those with a complicated title history.

Is a limited warranty deed proof of ownership?

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.

What is the difference between warranty deed and limited warranty deed?

General Warranty Deed: A General Warranty Deed provides buyers with the highest level of protection. It guarantees the propertys title against all claims and encumbrances, even those that predate the sellers ownership. In contrast, a Limited Warranty Deed only covers the period of the sellers right.

What is a limited warranty deed in Ohio?

In a Limited Warranty Deed, the seller guarantees that they have not caused any defects in title during their ownership, but they do not warrant against defects that may have existed before their ownership. Essentially, the seller is only responsible for title issues that occurred while they owned the property.

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