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Limited warranty deed ohio

Limited warranty deed ohio 2025

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The document is a Limited Warranty Deed form for transferring property ownership between individuals in Ohio. It includes instructions for completing the form, a disclaimer regarding the use of the forms, and legal language outlining the terms of the property transfer, including warranties and exceptions. The form emphasizes that it is provided without any warranty of legal effect and advises consulting an attorney for serious legal issues.

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What is the difference between a limited and general 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.

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 is the purpose of a general warranty deed?

A general warranty deed is the strongest deed because it offers the most protection. A quitclaim deed is usually the weakest deed because it offers the least amount of protection.

What type of warranty deed is best?

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.

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.

Is a limited warranty deed good?

A limited warranty deedwhich is useful in transferring foreclosed propertiesprovides the buyer with some guarantees about the title, but it does not offer the complete protection of a general warranty deed.

Limited warranty deed ohio 2025

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